This should be mandatory in public school systems. This would cure the plague of the dumbing down of American citizens, and the systemic and ongoing issues that follow suit. Thank you for your work, a true gem
I finished half of this then had to put my 10-yr old to bed. So I used it for story time. He couldn’t sleep he was so excited. We learned the concept of exchange and value.
There is a lot of confusion in the world today around money. We have forgotten what honest money is, probably by design. At 31:20 he begins an excellent explanation of the United States bi-metallic coinage, giving a description of the reasons for the Coinage Act of 1792, including an explanation of how coins were freely minted: '...anyone could bring gold or silver bullion to the mint to be coined.' A dollar being defined as either 371.25 grains pure silver, a "Silver Dollar", or 24.75 grains of pure gold, fixing the ratio at 15 grains pure silver to 1 grain of gold as that is what was in the market at that time. But as the amount of silver being mined was greater than gold the ratio needed to adjust accordingly but wasn't, causing many problems. When we come to our senses and return as a nation to honest money we can remedy this problem by allowing the ratio of gold to silver to be determined by the market by not setting a numeric value on gold, just letting it float relative to silver, thus crushing Gresham's Law as he explains at 49:00.
I started watching this, then thought to myself: I should find a more reliable source to learn about this. Started searching for some books, chose one, thought: I should make an audiobook of this. Then come back here and see this is exactly what you have already done xD Well done!
Finally! I watched these videos years ago, the explanation & thoroughness amazed. I have recommended them to many. I have never found them again, till now.
Brilliant. Big thanks. Just what I was looking for, and in-depth political and banking history of the USA, to teach the background to how the world of politics and banking works today. It would be useful to provide an index of the sections by time in this presentation.
Fascinating. Next topic….which families were involved, especially in New England. Also different topic but in need of similar analysis: which families were funding earliest English, Spanish, French and Portuguese American exploration and eventual colonization? Banks, corporations, charters, courts…..all run by people so using modern big data analytics we should be able to identify through lines and interests….at least worth considering.
Truly grateful that you uploaded this. This is a very important topic that every young person should study. The one take-away I would add is to complement viewing this podcast (even better, read Rothbard’s book) with viewing/reading Goodson’s “A History of Central Banking and the Enslavement of Mankind” and Bill Still’s “ Money Masters”.
youre not saving time, thats missing 95% of the lessons from this video.. I had to rewatch it many times. It also goes into why silver and gold coins denominated into dollars os something doesent work, silver and gold can only be denominated into the weights that they represent. It goes into why killing the fed wont solve inflation and bubbles. It also gives a great understanding on how governments act every single time when it comes to war financing. This was possibly the best financial education ive found on youtube in a while.
@@ryanshaw4250 I get it, I was trying to be funny. Ur absolutely right. I wish everyone would care to learn this stuff as much as u do. The world would be a better place if we all took more time to learn.
Dam just what i was looking for but didn't know it. Financial History. Seems impossible to find stuff like this anywhere. What you do find is usually just a slick advert to buy gold coins.
Most central banks are privately owned institutions that overate independently from the government. Back then bankers liked the gold standard because gold is relatively easy to monopolise and control. Then through the process of fractional reserve banking they can lead out more gold than they actually have, making an absolute fortune.
@@moshpitman27 "Fractional Reserve Banking" always devolves into insolvency or 100% Fiat Currency as there has never been a bank or individual who can resist for long the temptation to run out the currency when it is widely accepted.
This is more interesting than I would have thought. Not surprising, I guess, given that "follow the money" is always going to be where the action is in a Capitalist system.
Rothbard is a very thorough and accurate historian, but ultimately he's biased in favor of gold. The Fiat paper colonial scrip was a massive boon to the American economy. The currency act of 1762 which forced the Americans back on to the British silver backed pound crippled their economy and was the primary cause of the war
Tell me you don’t understand how inflation works without telling me. New money in the form of credit circulates through assets first, consumption, then wages. So it presents what appears to be a “boom” that is artificially stimulated by the extra money bidding up assets, then you see that extra money show up in consumption, which all makes GDP look like it’s growing. When in reality it has nothing to do with an increase in productivity and wealth by just the stimulation of consumption. This is also a system that creates consistent wealth transfers from the labour to the already rich who own the assets, who benefit from the increased supply of money since they are the first ones to get it increasing their purchasing power before the money circulates through the rest of the economy and bids up other goods.
@@TherealJesseLivermore This… just this comment. This is one of the most well written and concise explanations of the danger associated with inflationary currency. Thank you. May I quote you on your explanation?
The greatest bankers were Italians, Greeks etc. They as heirs of antique nations created the roots of modern banking, the temple order was also important as well as German Hanse bankers and Augsburg bankers when the whole of Europe was indebted to Augsburg families like Fugger, Welser, Höchstätter, Paumgartner etc. Jews and Armenians came later as religious outsiders being allowed to be usurers, Jews in the Christian world, Armenians in the Muslim world
Do you have citations for this work? I’d like to use in my MS and PhD public finance classes but will need to check citations so administration will not undermine me.
Yes, but what he does cover is very good, even excellently covered. Hard to find as much good information in one place on such an important topic. Do you have a good source for Colonial Scrip?
Against "coin money".... Coin (metal) money being valuable in itself because of its industrial uses besides making coins, with gold and silver being the standard because of their scarcity, "Depreciating" against specie, occurs whenever I'd rather have coins, when you want to pay with paper money (which has no other use), and so I charge you 100 dollars if you pay in coin, but if you want to pay with paper, I charge you $130, because the guy I pay next, either won't accept paper money, or will charge me more, like I did you... Fun fact, 👈 Until FDR changed the law, and the federal reserve did it's thing, every paper dollar that everyone had, was redeemable for gold bullion (if you so choose) at any federal reserve branch, at a rate of 1/35 of an ounce of gold per dollar (gold price $35), giving that paper dollar "hard currency" (specie) value, but that has not been the case, since that long ago... The dollars looked like they do now, but there was printing on there that said so... "Silver certificates" (same looking dollar) were redeemable for an amount of silver, the same way...
I would recommend not taking this author too seriously. He is an Austrian economics, libertarian, "government is bad", gold-bug. You can debate whether that ideology is good or bad, right or wrong. The point is, you're getting a very biased view of history here. Anything can be used as a medium of exchange, as long as all parties agree to it. The question is what works best as a medium of exchange for a large complex economy. The advantage of commodity money lies in its acceptability. No matter what happens it will always have the value of the underlying commodity. (However, there is no guarantee that value will be stable.) The disadvantage, which was discovered over a long and difficult history, is that it can lead to serious deflation. And deflation is much worse than inflation from a macroeconomic point of view. That's essentially why no one uses a gold standard anymore - in addition to the fact that it leads to all sorts of other problems, e.g. bank failures. It was decided that it is better to put control of money in the hands of government, rather than have monetary policy arbitrarily whip around at the whims of the market and speculators. Now this does allow government to manage money poorly. But let me say that the Austrian economist's view that "just go on gold and you'll magically be protected from bad government" is silly. Government can always manage anything poorly. It's always important to have good government in all matters. And that's a hard problem. How do you guarantee good government? You don't get rid of that problem by tying your currency to a commodity. A gold standard does nothing to prevent a bad government from ruining your life if it wants to. And finally, the thing I don't get about people who are worried about their money losing value is: nothing is stopping you from exchanging your money for all the gold you want right now. If you think that's a good investment, go ahead. The US dollar is meant to be a liquid medium of exchange, not an investment vehicle. Obviously it should maintain a relatively stable value, but it's not meant to be the ideal investment. Okay, I've obviously had way too much coffee.
It's all well and fine if you want to use paper money for the exchange of goods and services. It's actually convenient as hell. I'd imagine back in this time trying to hold onto your money's value was like having to look at the stock market every day. However, our paper money is held by a small group of elite who have 100% power over it. While they maintain some stability, they're taking a 3% profit every year off of that. It's theft. It's strealing. It's LEGAL!. The government enacted law which states you must use and hold the paper dollar for all transactions in order to keep this money strong. Strong money is good. Money in the hands of the ultra rich elite for them to do whatever they want, padding the pockets of their best friends, is not. They cause inflation at the expense of everyone else. And they use their bogus economics rhetoric to make you think what they do is both boring and good for you. Deflation may seem bad in a sense of a declining economy. but in this current mess, inflation happens during a declining economy. You lose monetary value AND you're out of a job. What kind of group of people runs this? The bank mafia. I don't think we need to tie it to gold. Although I disagree that gold has problems. But the problem with tying it to gold is then we can't use gold for what it's good for (electronics). But we need law which takes the hands out of the piggy bank. We need a non-inflationary currency. They print it, they distribute it, and it's done. NO INFLATION other than from cold hard economics inflation resulting from more people than the amount of goods produced. That's good inflation. Theft is not good inflation. How can anyone support the crap system we have? It's THEFT.
If the argument is liquidation then why not have a Currency backed by gold but broken down into smaller denominations when prices go up? Lmao liquidation problem can easily be solved by this. How do you think Bitcoin works today? Meanwhile inflation keeps on going up. I can't wait when you have to bring up 1,000$ to buy a a candy. Under the fiat system every economy is going the Zimbabwe inflation route but at an extremely slow pace.
Why do you keep refering to Republicans when describing some of the peoples from the time period of the Parabellum South and before the civil war? President Abraham Lincolm was the very first "radical" republican president and the Republican political parry did not exist during that time period
Specie is not only gold and silver but any derivative. So if you buy a wheat futures call contract you can sell it for payment in dollars or exercise it for payment in 100 bushels of wheat, assuming the SEC doesn't intervene bec of shenanigans.
Three states used colonial script and they were so popular they couldn't get rid of it Yes the land surveyors did follow the beaver trappers and they would use welcome as a stand-in for credit You're a barter theory of money is still bogus By the time you're worried about if it gold vault is full or not your already screwed Thank you for acknowledging the 13 colonies were also all mandated to grow tobacco
@@danaschoen432 to call marxism economic determinism is to assume that there is a chance for competition to be prevented from forming into monopoly without intervention
@john dough Not just that . . . most people and most businesses will not accept Bitcoins. Our 2 largest retailers, Amazon and Walmart, do not accept BitCoin. And because of the limited production nature of cryptocurrencies, it's value keeps going up. Therefore, people treat it like an investment, like gold, where people engage in hoarding it, and engage in investor speculation, and not actually using it or spending it. If most of the currency is being hoarded, and little of it is actually being used as a currency, then it's kinda useless as a currency.
@@RedRider1600 just so u know.. they do accept it, thru gift app.. but you can say they dont at the counter.. just they do.. you just dont see it that way.
@@jaytree No, they do not. I have an account with both Amazon and Walmart. They do not accept Bitcoins. Very few places accept Bitcoins. In fact, I don't know of any places that accept Bitcoins.
@@RedRider1600 once again they do.. thru their gift cards.. but u can look up the app or not i dont care they do.. and ur saying they dont doesn't mean shit when i know their gyft the app u can buy gift card for alot of places with bitcoin so say what u want people know the truth.
This should be mandatory in public school systems.
This would cure the plague of the dumbing down of American citizens, and the systemic and ongoing issues that follow suit.
Thank you for your work, a true gem
rothbard takes part in the dumbing down of america
Not to be rude but this would bore the hell out of everyone.
I finished half of this then had to put my 10-yr old to bed. So I used it for story time. He couldn’t sleep he was so excited. We learned the concept of exchange and value.
There is a lot of confusion in the world today around money. We have forgotten what honest money is, probably by design.
At 31:20 he begins an excellent explanation of the United States bi-metallic coinage, giving a description of the reasons for the Coinage Act of 1792, including an explanation of how coins were freely minted: '...anyone could bring gold or silver bullion to the mint to be coined.' A dollar being defined as either 371.25 grains pure silver, a "Silver Dollar", or 24.75 grains of pure gold, fixing the ratio at 15 grains pure silver to 1 grain of gold as that is what was in the market at that time. But as the amount of silver being mined was greater than gold the ratio needed to adjust accordingly but wasn't, causing many problems.
When we come to our senses and return as a nation to honest money we can remedy this problem by allowing the ratio of gold to silver to be determined by the market by not setting a numeric value on gold, just letting it float relative to silver, thus crushing Gresham's Law as he explains at 49:00.
I started watching this, then thought to myself: I should find a more reliable source to learn about this. Started searching for some books, chose one, thought: I should make an audiobook of this. Then come back here and see this is exactly what you have already done xD Well done!
Im going to have my own audio book with hookers and blackjack!
Aye, sumtimes you gotta find tha proof ina puddin yaself😅
@songnian1080 What’s the name of the book?
@@jonothanbelizaire6329 A History of Money and Banking - Murray Rothbard
bruh lmao
Finally! I watched these videos years ago, the explanation & thoroughness amazed. I have recommended them to many. I have never found them again, till now.
Brilliant. Big thanks. Just what I was looking for, and in-depth political and banking history of the USA, to teach the background to how the world of politics and banking works today. It would be useful to provide an index of the sections by time in this presentation.
I am indebted to the succinct presentation.
Fascinating. Next topic….which families were involved, especially in New England. Also different topic but in need of similar analysis: which families were funding earliest English, Spanish, French and Portuguese American exploration and eventual colonization? Banks, corporations, charters, courts…..all run by people so using modern big data analytics we should be able to identify through lines and interests….at least worth considering.
I know they're all "Amish" 😂
Also bo discussion about usery
So important for the children to know . I am sending it to my boys so they can understand that I am not nuts ! Thanks 🙏
Important to understand the downfall
Truly grateful that you uploaded this. This is a very important topic that every young person should study. The one take-away I would add is to complement viewing this podcast (even better, read Rothbard’s book) with viewing/reading Goodson’s “A History of Central Banking and the Enslavement of Mankind” and Bill Still’s “ Money Masters”.
this is the best video teaching this for a reason - it should be in schools
Let me save u some time:
1) Don’t trust fiat currency
2) Don’t trust your government
3) Don’t trust your bank
You’re welcome
."All governments STEAL from their Citizens"
Lord Byron, 1805
Hahaah so true but the way he goes into so much detail is amazing ! To help you fully understand WHY not to trust them
What about the credit union?
youre not saving time, thats missing 95% of the lessons from this video.. I had to rewatch it many times. It also goes into why silver and gold coins denominated into dollars os something doesent work, silver and gold can only be denominated into the weights that they represent.
It goes into why killing the fed wont solve inflation and bubbles.
It also gives a great understanding on how governments act every single time when it comes to war financing. This was possibly the best financial education ive found on youtube in a while.
@@ryanshaw4250 I get it, I was trying to be funny. Ur absolutely right. I wish everyone would care to learn this stuff as much as u do. The world would be a better place if we all took more time to learn.
3rd time watching. Yes so good
I thank you for this. Amazingly thorough and well put together.
Thank you for posting this. It really shines a light on how far we've slid into oblivion today.
Thank you for posting this.
Dam just what i was looking for but didn't know it. Financial History. Seems impossible to find stuff like this anywhere. What you do find is usually just a slick advert to buy gold coins.
Rothbard is pretty known among the Libertarian and Ancap community though. You just need to look into the right places
This is fascinating!
I ADORE long documentary thank you so much for this
Most central banks are privately owned institutions that overate independently from the government. Back then bankers liked the gold standard because gold is relatively easy to monopolise and control. Then through the process of fractional reserve banking they can lead out more gold than they actually have, making an absolute fortune.
fractional reserve banking has never existed. ever.
@@chad2831 what do you mean
@@moshpitman27 "Fractional Reserve Banking" always devolves into insolvency or 100% Fiat Currency as there has never been a bank or individual who can resist for long the temptation to run out the currency when it is widely accepted.
Usury...all from the finance class who's families have existed since Sumer. They've used usury to enslave the human race with central banks.
@@chad2831you are special
Excellent account, thank you!
Thank you for the upload
Maybe the civil war had more to do with banking than slavery .
amazing audiobook
This is more interesting than I would have thought. Not surprising, I guess, given that "follow the money" is always going to be where the action is in a Capitalist system.
Also in a Statist system
also in a socialist system
Rothbard is a very thorough and accurate historian, but ultimately he's biased in favor of gold. The Fiat paper colonial scrip was a massive boon to the American economy. The currency act of 1762 which forced the Americans back on to the British silver backed pound crippled their economy and was the primary cause of the war
Inflation always brings about the appearance of a temporary boom (powered by capital consumption)
Tell me you don’t understand how inflation works without telling me. New money in the form of credit circulates through assets first, consumption, then wages. So it presents what appears to be a “boom” that is artificially stimulated by the extra money bidding up assets, then you see that extra money show up in consumption, which all makes GDP look like it’s growing. When in reality it has nothing to do with an increase in productivity and wealth by just the stimulation of consumption. This is also a system that creates consistent wealth transfers from the labour to the already rich who own the assets, who benefit from the increased supply of money since they are the first ones to get it increasing their purchasing power before the money circulates through the rest of the economy and bids up other goods.
@@TherealJesseLivermore This… just this comment. This is one of the most well written and concise explanations of the danger associated with inflationary currency. Thank you. May I quote you on your explanation?
Imagine a world without little hats.
The greatest bankers were Italians, Greeks etc. They as heirs of antique nations created the roots of modern banking, the temple order was also important as well as German Hanse bankers and Augsburg bankers when the whole of Europe was indebted to Augsburg families like Fugger, Welser, Höchstätter, Paumgartner etc.
Jews and Armenians came later as religious outsiders being allowed to be usurers, Jews in the Christian world, Armenians in the Muslim world
Do you have citations for this work? I’d like to use in my MS and PhD public finance classes but will need to check citations so administration will not undermine me.
Yes, it's a book by Murray N Rothbard he's reading the book
Citations are for verifiability and tracking down data sources, not for 'administrative' to not frown upon your work.
i woke up here
Some eye candy would be nice.
Species thats a creature comfort
A half hour into it and no mention of Colonial Scripp
Yes, but what he does cover is very good, even excellently covered. Hard to find as much good information in one place on such an important topic.
Do you have a good source for Colonial Scrip?
History does seem to echo. Crypto and the civil wars within the parties is not something new. Everyone should know this.
Against specie, so unclear. Please further explain, thankyou.
Against "coin money"....
Coin (metal) money being valuable in itself because of its industrial uses besides making coins, with
gold and silver being the standard
because of their scarcity,
"Depreciating" against specie,
occurs whenever I'd rather have coins, when you want to pay with
paper money (which has no other use), and so I charge you 100 dollars if you pay in coin, but if you
want to pay with paper, I charge you
$130, because the guy I pay next,
either won't accept paper money,
or will charge me more, like I did
you...
Fun fact, 👈 Until FDR changed the
law, and the federal reserve did it's
thing, every paper dollar that everyone had, was redeemable
for gold bullion (if you so choose)
at any federal reserve branch, at
a rate of 1/35 of an ounce of gold
per dollar (gold price $35), giving that paper dollar "hard currency" (specie) value, but that has not been the case, since
that long ago...
The dollars looked like they do
now, but there was printing on there
that said so...
"Silver certificates" (same looking
dollar) were redeemable for an
amount of silver, the same way...
If we have 100 people and 100$ , now adays we have 1000 people and 100$, whats going on?
Long story short, bank insolvency and default is implied.
may i have the subtitle?
Thanks Bro ! This makes it so much easier for people like me studying this stuff !
There are things that you don't mention. Should I point those things out?
yes please
So are going to or not?
@@thisguy7255 act of 1871 was completely bypassed. Probably one of the most important lives of Legislation of the Post Civil War period.
Oh you mean the Jews?
Reading from a book?
I would recommend not taking this author too seriously. He is an Austrian economics, libertarian, "government is bad", gold-bug. You can debate whether that ideology is good or bad, right or wrong. The point is, you're getting a very biased view of history here.
Anything can be used as a medium of exchange, as long as all parties agree to it. The question is what works best as a medium of exchange for a large complex economy.
The advantage of commodity money lies in its acceptability. No matter what happens it will always have the value of the underlying commodity. (However, there is no guarantee that value will be stable.)
The disadvantage, which was discovered over a long and difficult history, is that it can lead to serious deflation. And deflation is much worse than inflation from a macroeconomic point of view. That's essentially why no one uses a gold standard anymore - in addition to the fact that it leads to all sorts of other problems, e.g. bank failures.
It was decided that it is better to put control of money in the hands of government, rather than have monetary policy arbitrarily whip around at the whims of the market and speculators.
Now this does allow government to manage money poorly. But let me say that the Austrian economist's view that "just go on gold and you'll magically be protected from bad government" is silly.
Government can always manage anything poorly. It's always important to have good government in all matters. And that's a hard problem. How do you guarantee good government? You don't get rid of that problem by tying your currency to a commodity. A gold standard does nothing to prevent a bad government from ruining your life if it wants to.
And finally, the thing I don't get about people who are worried about their money losing value is: nothing is stopping you from exchanging your money for all the gold you want right now. If you think that's a good investment, go ahead. The US dollar is meant to be a liquid medium of exchange, not an investment vehicle. Obviously it should maintain a relatively stable value, but it's not meant to be the ideal investment.
Okay, I've obviously had way too much coffee.
Lil Scotchy how can you say it's stable when the dollar has lost 97% of its value since it's inception?
It's all well and fine if you want to use paper money for the exchange of goods and services. It's actually convenient as hell. I'd imagine back in this time trying to hold onto your money's value was like having to look at the stock market every day. However, our paper money is held by a small group of elite who have 100% power over it. While they maintain some stability, they're taking a 3% profit every year off of that. It's theft. It's strealing. It's LEGAL!. The government enacted law which states you must use and hold the paper dollar for all transactions in order to keep this money strong. Strong money is good. Money in the hands of the ultra rich elite for them to do whatever they want, padding the pockets of their best friends, is not. They cause inflation at the expense of everyone else. And they use their bogus economics rhetoric to make you think what they do is both boring and good for you. Deflation may seem bad in a sense of a declining economy. but in this current mess, inflation happens during a declining economy. You lose monetary value AND you're out of a job. What kind of group of people runs this? The bank mafia.
I don't think we need to tie it to gold. Although I disagree that gold has problems. But the problem with tying it to gold is then we can't use gold for what it's good for (electronics). But we need law which takes the hands out of the piggy bank. We need a non-inflationary currency. They print it, they distribute it, and it's done. NO INFLATION other than from cold hard economics inflation resulting from more people than the amount of goods produced. That's good inflation. Theft is not good inflation. How can anyone support the crap system we have? It's THEFT.
lil scotchy the statist normie.
Enjoy your fiat, fake manipulated markets, and extreme debt.
If the argument is liquidation then why not have a Currency backed by gold but broken down into smaller denominations when prices go up?
Lmao liquidation problem can easily be solved by this. How do you think Bitcoin works today? Meanwhile inflation keeps on going up. I can't wait when you have to bring up 1,000$ to buy a a candy.
Under the fiat system every economy is going the Zimbabwe inflation route but at an extremely slow pace.
And the hustle goes on and on and on etc. 💩🤡🤔
Yeah here we go again. Yes this is my sh$+.
They took away the sole survivor--so they wouldn’t have to look anymore…cheaper as is , as is . #POW #ITEB #NDA #NDAA #july31
Why do you keep refering to Republicans when describing some of the peoples from the time period of the Parabellum South and before the civil war? President Abraham Lincolm was the very first "radical" republican president and the Republican political parry did not exist during that time period
Can anyone give me the definition of that word Thats used 500+ times plz
Species is gold or silver coins.
Specie is not only gold and silver but any derivative. So if you buy a wheat futures call contract you can sell it for payment in dollars or exercise it for payment in 100 bushels of wheat, assuming the SEC doesn't intervene bec of shenanigans.
🎉
didn’t even make it 5mins in before the “history” became a polemic
How could you tell?
0:10
red x organ theft red x organ theft red x a,mp,uT theft and so on
Gonzalez Timothy Thompson Kenneth Brown Michael
woah
Don't say over-VALUED if you mean over-PRICED
**
Decent video but wouldn’t pass peer review 😊
HTTPS error #POW
i loved this video
Three states used colonial script and they were so popular they couldn't get rid of it
Yes the land surveyors did follow the beaver trappers and they would use welcome as a stand-in for credit
You're a barter theory of money is still bogus
By the time you're worried about if it gold vault is full or not your already screwed
Thank you for acknowledging the 13 colonies were also all mandated to grow tobacco
Walker Sarah Johnson Paul White Frank
Is this AI reading this? I keep hearing speeshee money. I had to look it up. It’s specie money. Meaning coins. 👍🏻
too many details, hard to not miss the point
3:38:57
lies and slander
No details or facts, just name calling.
@@danaschoen432 to call marxism economic determinism
is to assume that there is a chance for competition to be prevented from forming into monopoly without intervention
Buy Bitcoin...
More fiat currency?
@john dough
Not just that . . . most people and most businesses will not accept Bitcoins. Our 2 largest retailers, Amazon and Walmart, do not accept BitCoin.
And because of the limited production nature of cryptocurrencies, it's value keeps going up. Therefore, people treat it like an investment, like gold, where people engage in hoarding it, and engage in investor speculation, and not actually using it or spending it. If most of the currency is being hoarded, and little of it is actually being used as a currency, then it's kinda useless as a currency.
@@RedRider1600 just so u know.. they do accept it, thru gift app.. but you can say they dont at the counter.. just they do.. you just dont see it that way.
@@jaytree
No, they do not. I have an account with both Amazon and Walmart. They do not accept Bitcoins. Very few places accept Bitcoins. In fact, I don't know of any places that accept Bitcoins.
@@RedRider1600 once again they do.. thru their gift cards.. but u can look up the app or not i dont care they do.. and ur saying they dont doesn't mean shit when i know their gyft the app u can buy gift card for alot of places with bitcoin so say what u want people know the truth.
shit i am not native.... i got problems to understand 30 %....the re any AI?
Oy vey
Just straight up don’t really like your voice, no offense just offering some feedback
hell no. lost me 3 seconds in with that boring as voice
Narrator is to hard on my ears , irritated the hell out of me in 30 seconds.
Try singing. Then listen to him again.
Bueller?...Bueller?....
Buy gold
Gar s bista visa credit get automatics.payement recorder see go admit unquery in homes money .