5 Burst results for "Bitcoin"
Fresh update on "bitcoin" discussed on Rich Dad Radio Show
"On that. Up because I think physically possessing gold will always have value writers going to be a demand for a tangible sore value that exhibits visibility durability recognizable Gold is proven right five thousand years proven history of being the best at that as a tangible value. But on the flip side I think there's only GonNa be one digital, which has covered. BITCOIN is winning out there, so you don't. There's not room for gold back crypto. It doesn't really add anything to to go. Because you still have this counterparty risks, right gold bag crypto, who is verified from the letter? Who's telling me I have a gold redeemability. Then you have to trust that person who has recalling hold gold. You don't trust anyone, right? I just have to trust the market same with Bitcoin. If hold my private keys to trust anyone, trust the market determining its value, right. So once again. Robert Breedlove I really wanted to thank you for being part of the program and I recommend. People Watch you an answer napalm piano. On Your Open Letter to Ray Dallaglio it was one of the more informative shows. It was longer than this format. But it was I opening and when you're younger, guys are more confident more certain about what you're doing. Then you have Paul Tudor Jones coming in on WHO's my generation I think it's time to start moving. So I've been buying bitcoin for a while now and I hope the price stays low for a while so I can accumulate more of. But anyway I thank you for sharing your wisdom and knowledge to the guys like me.
Fresh update on "bitcoin" discussed on Rich Dad Radio Show
"But with bitcoin. For the first time in history. We haven't a money. You cannot increase the supply of what's lever. There's only took their only will ever be twenty. One million and no one can change that, so it's like three certainties in the world. WHO said death? Taxes and now we have the third twenty one million bitcoin. But why couldn't I just start my own twenty one million Kiyosaki coin? You absolutely can and. Is, there's a bit of a nuance concept called path dependence as Y bitcoin was I made it increasingly important, but to create a money. Pete with Bitcoin. You have actually four the social layer, so you can go and create all the money's. You want right. Robert gwen one to infinity, but then you have to convince people to sacrifice their bitcoin dollars or other forms of money to buy your coin. And the ingenious of Bitcoin is because it was I. IT basically optimize. Properties for holders, so it's it has zero unexpected inflation. It cannot be confiscated. It cannot be counterfeited. And so this basically note designed space for anyone to come in and disrupt the corn so it again it's for the same reasons. We have one analog goal in the world, only likely one digital so when you want Antony Pump Llanos program. You talk about. This is my blew my mind apart when you're talking about zero, and then I I I studied not very well, but the Arab money number system, and the zero was a huge huge huge huge change a fought. That's zero-sum. Could hold a spot as one of the reasons I wanted to talk today. How does bitcoin equal zero? That's right so a little background on zero. It was discovered in seventh century in the actually. Mathematician Brahma Gupta and he reportedly discovered in meditation. So zero became a symbol for the experience of the void. So when you meditate, you try to basically. Get Pasture thaw pass attachment to time and leave things so you experience this place of of nothingness. And that's where he discovered zero, and by adding an all numeric systems before that didn't have a concept of zero, but by adding the concept of zero so. A category for new categories. If you will it radically enhance the utility mathematics, so it gave us a gateway into the negative numbers going into the negative numbers, we discovered the imaginary members like the square root of negative negative one. The imaginary numbers turned out to be a prerequisite for all software marlins technology. We use today. It also became the course of Calculus, which literally everything we see touch feeling around day to day. Basis has its roots in Calculus my favorite sciences. So, it's like it's it's hard. It's really a rabbit hole in unto itself, but once you see that the discovery zero. Enabled Modernity, as we know it everything every piece of tech, your home like everything you touch is because we figured out zero. And I just like to the discovery of absolute scarcity for money because again, but before Bitcoin, it was impossible to permanently guarantee a fixed supply anything as you can just allocate more time to produce. It wasn't design of the. That's right so like the harder we try to produce. Bitcoin is kind of like an ever receding horizon like it just becomes harder to obtain all enforcing its algorithm, so it's a really. It's very paradigm shifting to be Crochet. It's paradigm, shifting. So. This is my thing as you know like when the Fed prints true when I was a kid. Linda! Used to be a million dollars, they would print and then went to a hundred million, and then it finally had pushed a billion that I went to a hundred billion, and then I went to a trillion and I think trillion as twelve zeros. So it takes it takes less than a minute for the fat on a keystroke to print a trillion dollars and the question I asked. People allows take to spend a trillion dollars. I'm not really good at math, but the numbers I saw is that if you spent one dollar a second I, think it would take like thirty four thousand years to spend. A trillion dollars and and that's. And that's what drives guys like you crazy is. How can they just kept hitting and more Zeros. When Soto she went the other way, and there is fewer Zeros. Fewer numbers! That's right. You know inflation does not a naturally occurring phenomenon. It is purely a mode of taxation, and so I think when you start looking at central banking as less of an economic story and more of a crime stored starting to get the picture, a alien really I love. I thing. It is it's an apparatus for theft is designed to siphon value of society until it collapses, and we've seen it happen time and time again like the inflation rate is in versatile inversely proportionate to social well-being, and you see that with any hybrid leading currency what happens to social cooperation in Venezuela right? You have cash in the streets. No one can trust. Anyone can buy bread. How do you conduct your life? So bitcoin just flips that whole thing on its head says we're taking inflation's absolute zero, which should theory would mean society running on a big on standard benefit in nearly infinite ways right and the last thing before i. go to break is what I was impressed with. Which Anthony Pump Liana explained to me was having I call it hard? Would you explain that what is the having? Yes, so every four years. The inflationary of Bitcoin, which is the amount of bitcoin produce per block letter it'd cut. It gets cut in half so its subject actually to exponential decay, so just for easy numbers this year we're producing about three hundred, twenty, nine thousand. Bitcoin for year. By the twenty one hundred, that number per year has contracted zero point three.
Fresh update on "bitcoin" discussed on Rich Dad Radio Show
"From beautiful. Old Town Scottsdale Arizona and believe it or not. It's not that hot these days. Anyway, so we have a very important show. All of our shows are important, and it's on the subject called Bitcoin. And I've heard so many opinions on the thing. For example you know, end up verification of this, but buffet won't touch Bitcoin, but buffet doesn't touch gold. And then there's guys like I. Don't really Dallaglio does Jim Records friend of mine. He doesn't support Bitcoin. And Etcetera Etcetera Etcetera, but I noticed one thing all guys. So I thought it best. We just keep an open mind and figure out what the young guys have to say about Bitcoin. And why it's the investment as the new gold or whatever you WANNA, call it. Our guest today is Robert Breedlove. He's the founder CEO and CIO parallel digital, professional service firm, specializing in crypto asset, investment, management and consulting for the emergency digital. Economy and I. Think what's important is by training CPA. have tremendous respect for that. Because it's always in a numbers, it's always in the numbers and I was never good at numbers. That's why guys like Tom, wheelwright and my bookkeepers. Because I'm horrible with numbers. So I WANNA welcome to the program. Breath love, and he's out of la where they're going to get rid of the police department next. We'll see. We'll see how that works out, but a Robert Welcome to the program. Thank you for having me Robert. We're not politically correct here. So why should all guys on young guys? Bila can at Wayne I mean there's a lot of. Story hype confusion, you know, and for guys like me who don't really know when we're not in depth in it. What's the main reason? Bitcoin is your choice right now. I'd say a really high level. No matter how you feel about politics, bitcoin probably helps fix that because the end game for Bitcoin is that it separates money from state control. And by doing that, it really reduces a lot of the problems that the state creates the world which it finances itself exclusively through taxation in inflation, and a bitcoin is just a free market money. It exists outside of the central banking system. were central. Baking is very much a model based on socialism. It's literally Dictate Marcus playbook have centralized controls cash credit. BITCOIN's a purely capitalist technology. It lives entirely in the free market I'm on its own merits, so I agree one hundred percent with you. Because I, I've been outside the central banking, the Fed and be out Bank of Japan the European Central Bank I just really don't trust those guys, because it's manipulated by the academic and financial elite. But why, Bitcoin, because for lay person like me, there are so many different coins like this five new coins minute coming out. So. Why did you come out so strong for Bitcoin? So it's very important. Understand bitcoin from first principles and to to Sandy I understand how money comes into existence. In at a very basic level, any society that free amongst his people. Necessarily produces most treatable thing right something becomes more treatable than everything else, and whatever that thing is money so like in prisons. You have cigarettes right in ancient Africa. We had glass beads. We solve musicale. All these different things is money. Based on the technological realities of the society shaking. But what would it comes down to basically five properties, so.
Fresh update on "bitcoin" discussed on The Bitcoin Podcast
"Give me your goal right and that's that's owl goes in in the history when it comes to go. When it comes to confiscating bitcoin is not that easy. Right because somebody like you say giving your Bitcoin, you could say no I. Don't have any that it'd be like well. Yeah, you do we know you? Do you like prove it? The King! If you're smart with how you own your big win, they can't. That's a big. If right currently stands is only a few people that can that can be that. Yeah, there's there's a small percentage of the population that can be. So if they ever wanted to confiscate then per. Patient confiscate then they would incentivize people to hand over their bitcoin in return for the US coin, the digital dollar coin with some tax incentives with some recurring. Jackson's like. Hey! If you had over your Bitcoin, then you're purchasing power on your dollars worth more or your incentive. Your incentives are better like you won't be taxed as hard and we have a digital record of you turning in your big one like he's actually got some pretty that and he called Mike Wang called airdrops like every year for five years. You're going to be airdropped this many digital dollars because you handed over your bitcoin. And I'm like well. Damn, that is Kinda. Kinda genius, but that's how I see me. I kind of agree with Wayne. This would see government doing that to get people to hand over all of their public. Public blockchain based CRYPTO tokens that they felt were a threat to their system while they were seen of. Is You to just hand them over then? They just sit in a bunker somewhere. They don't do anything. So those very savvy. Based on that interview, we did about the black nut like the dark net and Like! A good portion of global powers using bitcoin to. Facilitate things that they would. They can't public ado. It's reasonable for like I. Don't know like that. That may be the the playground that nations have is. Using something that is jurisdiction less bitcoin to like of jokes like. that. Our dance. Fight for power yeah yeah. That's. I mean governments. Do Dirt, too. Soon people don't realize governments do louder. Will People realized definitely but? I think people know that you the pretty pretty sure they know. Shit I forgot I'm back. I don't have technical explainer for people I did not prepare And I've tried to keep those going I. One hardware wallets the song about Nokia Oh. Yeah, okay corrected out of top. House getting like if you go deep into like the group, Shit and Blah Blah Blah Blah Blah he it's gone. It's the same that none of it's none of. It's different. Other US like a difference days encrypted chips used as as like they used a secure element. some of them. Do not all of them do. They'll hold all key harbor wallet is that you have a specific device that never touches the Internet. That generates keys in the same way. You're generate them in any other wallet. And Keys. Never leave so like you. You have to craft a transaction into to it. And then signs that transaction gives it back, so you can broadcast the. World's going to be the most. Ancient tool. That's the thing that's going to be the museums hardcore. We're like in our fifty La-. It'll just be integrated like a separate separate hardware waltz. Like these like. No they won't always be useful because you'll always want something. Here's the thing that's. That's always going to be a useful thing period because when you're talking about money, and you're talking about having something that potentially has the highest level of security. With a good amount of USABILITY. Then you're going to something. That's the use case specific. So if you're talking about holding a tremendous amount of money. You're only gonNA. WanNa use something that. Is designed to do that. One thing and nothing else. And so over time hardware waltz are going to be integrated into all of our devices that we have a really good level of security on how to how to do key management. So that's all all while it's do all wallet is a is a key manager. I think that Grand But like when you're talking about a Shitload of money, you don't want that immigration. You don't want additional attack vectors on a potential ways for people to get into it. You want something that's separate. and En- guaranteed to be secure for that specific use case Sohar. Wallets aren't aren't going to go away. They just may not be as prolific as we see them today. I'm thinking way innovative men. I'm thinking banks I'm thinking ATM machines. In every house. That's what your wallet is. That's what Crypto is like. You don't need that. No, but like. From a marketing standpoint if every house has a little terminal, and that's their key management terminal. And then different businesses can integrate with when I say integrate I. Don't mean like software hardware I mean like with humans can integrate with humans via their their personal key terminal. Whatever we call that thing. I. Then that to me, seems Kinda need and I don't see. I don't see that not being something some sort of terminal that houses. All of your your private keys, and the you're talking about. It's called HSM as harbor security module true. That's got to be more marketable than that. Though because that's not, that's not getting. Anybody's Dugard has got to be yet they are. They are marketable. People are to do that like you think about grit plus the grip plus lantis. Isn't HSM stokes I feel like their own something of that i. feel like that's something that's digestible. This is what I'm getting. A I've said this many times on the show I. Want a documentary about a Ziemba out. There make documentaries. Fly Out to where I am JOEP AFL..
Fresh update on "bitcoin" discussed on The Bitcoin Podcast
"Like. Apparently. The stock market had the the most. Profitable quarter than it's ever had. which is phenomenal, reme-. Phenomenal because the stock market's been around for a long time. In the middle of global pandemic. In like China's about to go to war with India Kinda and the UK is basically just a shit hole now I think Sorry for you listeners I. Think you guys got going on pretty bad if I could be fair if I could be fair about it, I mean bad here pretty bad. Don't I'm not even talking about what's going on here I mean there's a lot of shit going on here. In states is basically protest everywhere. people are just figuring out that black people matter like bislogic all over the planet in yet the stock market is like because he's our face. They're fucking face smashing piles a coke in play with numbers all day long, and it's only going to get uglier when. You Hear News like visa is recruiting solidity. DEB's always shit. But the fuck relating to the theory him. They don't need to do and I think that's. That's by I. Don't know what I. Worry about I don't know if that's the right word but like. It's GonNa be really hard. To hold onto that ethos. That we joined the space for Yemen. has this like huge ecosystem joins in becomes a part of US right. And, their goals motivations desires are significantly different. than. The like the the the peoples who started this whole culture like the the bitcoin. bitcoin ideals. Original bitcoin ideals. And so holding onto those as These protocols are built. We rebuild finance. It becomes What becomes newsworthy because that's all the money's being flowed. Is GonNa take a lot of attention away from the other stuff that's happening. That's like really really really cool and inclusive and helping people in. And as decentralized distributing distributing power across the many as opposed to like the Panzer, very few all these things that we wanted to do with a peer to peer decentralized, trust the system. Are just. Going to get. Like over yelled. I don't know what the word is for. They're going to be diminutive in their voice compared to like you know. The the defy, movement. If. That's what you are caught. I think you can never underestimate humanity when it comes to like soft were. I just think again. Can I mean I that means that okay take. The original was at Stanford and Colorado and one other university that invented the Internet I think it was like three universities. They invented the Internet. and. They were like this. Shit's going to be. Though we're going to have online libraries can off to any university on the planet. We can do so much cool shit. And then fast forward the clock forty years poured. It's a it's a poor network. The Internet Internet is primarily utilized. To share. Out News. That sure yet, just like that just your experience. My experience although I am experienced, but that is the experience of the Internet like everyone what Alex from sourcing. The. Sourcing I might open online banking APP. What once a week, but I know that born? Up and more than once a week I just. I don't need to be I. Don't need to do rigorous research I've already done enough. Rigors reserves personally, but I know that like around the planet. It's porn the number one user. The Internet is more. There's no this I can guess that with like seventy percent certainty, and so what I'm saying. Is when it comes to like software you know. Or Electron Egypt's can't underestimate the power of humanity just to make it. Human, and when it comes to these like programmable money, come La Man. If we thought bakers were savvy before. This open source programmable money is going to get hijacked so hard. So hard, and then they're going to take all that wealth and they're gonNA. Get themselves. Lawyers and lobbyists and then got this new. Culture that we created and didn't know your create. It's GonNa be a rap. If it's not already rap so. But, that's inevitable. Though like there's there's any way you can't get around it. No, you cannot get around because you can't make something that's. Generalized, that useful. And then cut out the things. You don't want it to do period. So so. But at an less people exist, you're not stopping in the meantime. There's the school aspect of it that you can invest in end. Hey, it could be a smart investment for you so. Yeah. There's the idea i. like the idea and we talked about this before multiple times mostly in reference to kind of. The ICO boom and everyone's reaction to it was creating a culture of much more broader culture across the globe. Of think about money. Appropriately! Like that that allows people to start. Thinking about money in using the money. and away that's more Ken. To how rich people do it. The wealthy people do it. say like you you. You shorten her clothes that discrepancy between the thinking mentality of poverty and rich. Poverty and wealthy, because they're able to even process the idea of thinking about money and future gains the money, and how to use it and it to make money work for you Kind of much much more which I think is a useful skill to have an in a lot of ways, just even outselling. Yeah, they may make money may not, but at least they're thinking about their money, because like when I was growing up in this stuff didn't exist. No one thought I I was in middle class America, but like I never got taught stuff whatever I had to go out and find it. I. Actually had a thought. About is just the other day, if no, if no one is capitalized on like micro investing. And what I mean by that. Is. Every dollar. I think of in percentages right. if you take one dollar that you make a percent of it, goes elecricity e bill. PERCENT OF IT goes here. You know your your Internet. Bill percentage goes to your water bill so on so forth, but there's always an excess percentage. For most everyone some people there's verb before most everyone there's an excess percentage, and even if that access percentages of being like five pennies. Will take the five pennies in investment something. Right and by access I mean like. You know you've already paid all your bills. You got your food. You're going to go. He may be put. You know little bit of money away to go. See a nice move of the and hang out but there's always that excess that percentage no matter how large or small that percentage. You should be investing that percents. There's not a lot of vehicles where you can put five pennies into something right and expected monumental gain. But. That's not the point. The point is you put five pennies into something and then a year later. Your opinions where they binny's. Right, that's the idea the. The concept so like whenever you do have. Like Whenever you end up getting to the point of having money that has substantial gains. You're already doing the right thing, and and some cases you doing it all. That time may actually get you point earlier. In a compounds overtime so. Compounding interest as Power. Scenario bow. But. I think I think I think cryptos headed a good way like there's more I get more and more weekly evidence that this is. The stuff is going anywhere and it's going to be. monumentally spread and. In many more ways than I could have imagined Like, there's things I get excited about a like the idea of robots being other robots to work. I feel like that's a future gonna live in I. Don't know communities feels rideshare So. And those robots got I gotta gotTa clue for you guys listening. Those robots aren't going to be paying the robots in dollars. At least not straightforward. I read something non not up on my news because I've been taking care of a baby but This is also live stream media or crypto mainstream media like I'm some inklings of that states digital dollar. A lot of a lot of. Central Bank digital coins. Coming out dummy wrong I'd their implementation suck? 'cause I've looked at a lot of them, they're. They're gonNA, do them so it's a better time before you have basically crypto currencies. That are not. Trust listen pernicious but are the ones that you pay taxes in. Yemen, what's his name? Not what does that scares me Wayne hazards ruins theory about how governments get their hand on on Like bitcoin because it is essentially gold, but just kinda like Just kind of like how governments? It's a little bit easier with physical gold right away. That gives you say like hey. I want it. Fort Knox Yeah like I'm taking a taken editor, and here's a bunch of guns in your face, and if you don't like it, you have two options here. Go to jet the three actually. Give me the gold. Go to jail. Orgies shot in the face. which which option do you want? New People are usually like all K- well. Here's the gold. Do I at least get? No, you don't get shit..