Why Bitcoin Was Created

[@CryptoTips]

Want to LEARN more? Go here: learningcrypto.com Bitcoin Mining Video: kzbin.info/www/bejne/bJPSq4OJqJiGasU

[@austin12r6]

Bitcoin is the best performing asset in the history of the world. Bitcoin is by far the best store of value. 10 years from now you’ll be thankful for every dollar you put into Bitcoin.

[@philcurtis4256]

As always, doing your homework and making smart choices are important in this risky market to stay in profits.

[@roarodneal3390]

Regretting missing out on earlier Bitcoin investments, I kept funds in a HYSA. Now, with $200k to invest, I aim to avoid FOMO and buying at the peak. What's the best approach for a newbie to navigate the market?

[@philcurtis4256]

Consider DCAing instead of a lump sum purchase. Consult a crypto expert for informed decisions. Time in the market is crucial. Following this, my pòrtfolio grew to 400k.

[@ValfredoPouchard]

Do you mind sharing info on the expert who assisted you?

[@philcurtis4256]

I've been fortunate to have the guidance of a licensed fiduciary. Graham David Fullerton.

[@Emrico35]

Great video! Remember guys, bitcoin is not an investment. It's a revolution

[@mickeydrago9401]

It's a revolutionary investment 😘

[@ghyhghghyh]

You sound crazy.

[@farhadturabi5354]

It is ark to get into and get out of the sinking fiat ship

[@mickeydrago9401]

@@farhadturabi5354 Bitcoin is a triple hulled oil tanker with digital code instead of oil... Ready to slam into the Fiat icebergs again and again with no effect against the Bitcoin Titanic... Accept the Bitcoin Titanic is armed as well as the Bismarck and unsinkable

[@mickeydrago9401]

@@farhadturabi5354 We've certainly been flooded with Fiat!

[@bacbladerunner]

Absolutely THE BEST description and explanation of Bitcoin. This video needs to go viral.

[@mickeydrago9401]

Legal tender: Backed by the full faith and credit of the United States government. Bitcoin: Backed by immutable code on the blockchain; never in debt, No counterparty risk, Not regulated in terms of debt and experimenting with the money supply, deflationary as a counterweight to inflationary Fiat and backed by the most powerful and secure computer network in the world.

[@michaellamont2605]

Imagine a BTC backed Dollar 💵

[@Jonathan-yr3so]

False. The dollar is backed by you, the wage slave.

[@mickeydrago9401]

@@michaellamont2605 Rfk has mentioned starting off treasuries being backed by Bitcoin... You mentioned something about doing it slowly... Why not quickly?

[@mickeydrago9401]

@@michaellamont2605 It would need to be over collateralized to make up for 70, 80% drops... This is part of the big reason the algorithmic stable coin UST failed because it didn't have enough Bitcoin backing it... Terra Luna ran through their Bitcoin real quick on the way down to nothing... Luna was just too inflationary... And it really just comes down to confidence and bank run mentality for why it failed... And I believe this can happen with Fiat but people are recognizing Bitcoin for what it is... The answer to government failures

[@user-Old_Ben]

@@michaellamont2605 -- someday, it might!

[@merzofficial1443]

You forgot to mention the message that Satoshi embedded in the very first block of bitcoin: "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks."

[@peterRobinson10101]

essential core detail.

[@drbennyboombatz9195]

You can't be in crypto without conviction, you cant have conviction without understanding, this is why you hear of people "losing money", they have too little understanding/conviction

[@mickeydrago9401]

Let's just hope we're never convicted for understanding in the last worst of stages before acceptance... Fighting you

[@EnglishVeteran]

Every Fiat debt based currency has collapsed since their inception. They have to collapse and that is what we are witnessing now.

[@lurker668]

Just like every crypto shit 😂. BTC ? Soon

[@user-Old_Ben]

@@lurker668 - not at all like crypto. BTC, LTC and others have a fairly low and limited and verifiable supply. Not even gold or silver can claim that. Not saying gold and silver are _relics,_ yet for currency or monetary value it is difficult to beat BTC!

[@billfrenger8955]

Thank you Heidi. Can you and Toby put together a presentation that gives people a basic idea how they can use Bitcoin to pay living expenses and travel?

[@CryptoTips]

Bitrefill is great.

[@sang3Eta]

"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" - Genisis Block. There are no bailouts in capitalism. Bitcoins purpose = restore capitalism.

[@michaellamont2605]

That was beautiful.... I'm touching myself right now😂

[@metaphy]

Nope. Bitcoin = path to liberalism Capitalism is just a side effect of liberalism, better than collectivism but still subject to corruption and clientelism.

[@michaellamont2605]

@@metaphy I'm sticking with HEX and Pulse Chain this cycle, might get some BTC next cycle

[@sang3Eta]

​@@metaphy Central bank bailouts of plutocrats on the backs of the working class via currency dilution (inflation) is Marxism. They are socialising their losses upon the public instead of going bust and liquidating their assets to stronger hands (capitalism).

[@Jonathan-yr3so]

Capitalism died after the civil war. We currently live in a planned economy, corporate fascism. This ain’t capitalism. Both left and right get this incorrect all the time. Learn more history

[@ruddysshow]

Your excitement is contagious. love you, thank you!

[@DesertLion007]

I can't wait for your book! The best channel out there for keeping us all informed with no B.S. Thanks H and T!

[@DD-gq2jg]

Heidi, this is the best explanation video I have seen from anyone in the crypto space. I have been in it since 2018, and knew about it since 2011. Thank you so much for doing this video.

[@CryptoTips]

No problem, thank you so much for watching 😊

[@claireQ777]

I need to relisten 10 more times. Heidi, you’re so helpful. I’m new and learning Thank you to you and Toby

[@douglaswilliams774]

Who's F ing around with the current prices ? Billions of dollars 💵 spent .. buying BTC .... yet the price goes down????? How is this possible regarding such a finite ... scarce commodity????? Grrrrrrrr 🤦🏻‍♂️🤦🏻‍♂️🤦🏻‍♂️

[@cathompson58]

The explanation I have heard is that institutional groups are simultaneously "longing" Bitcoin while also placing "shorts" on BTC futures .. this causes pulls in both directions of price and we are stuck in this like a sailing ship waiting for wind to fill the sails .. it will happen when the price is forced up by sheer lack of supply of BTC .. as of June 2024 there are about 980,000 BTC available on exchanges.. this is close to the amount of BTC bought by all ETF's combined since January... so IF everyone keeps buying at the current rate we will be in a severe shortage by fall and the shorts will be liquidated.. price should go up a lot

[@Mr25thfret]

It hasn't become scarce yet. Just wait. :$

[@tracydubose265]

I a rigged game. Blackrock does not give a fuck what people want. They made a deal with the devil.

[@LPPDrums]

Bitcoin today is more centralised and manipulated than ever. Big players have been involved from day one, don't be fooled, bitcoin is not the future.

[@ChristianCruz-y5f]

Very reliable

[@mickeydrago9401]

This is a good summary, review, intro to bitcoin...

[@godislove7927]

This woman is very knowledgeable and can't be right enough. I have been pondering on this question about Bitcoin for years. I believe God is behind the person who created Bitcoin and God Himself might have told him to hide his identity for a complete decentralization. Bitcoin is the best mystery thing ( like freedom & opportunity) that has ever happened in this world, against the evil practice by human beings. Thank you sister.

[@HowardARoark]

Very good explanation. But one thing we need to consider more is how they will attack Bitcoin and reign it in, as this is an ongoing process.

[@jordipannn]

Heidi, this video is a masterpiece as well as a master class. You both are angels! Thanks you

[@CryptoTips]

Thank you, hope you found it useful. Let me know if there are any other topics you want us to cover! 😊

[@marklane870]

Standard Oil OSHI conspiracy 😊

[@76063co2]

I think one piece you CANNOT skip regarding the 2008 crash, was that in order to pay for two ongoing wars (one being propped up on false allegations of "weapons of mass destruction"), the Fed suppressed interest rates, which is what allowed the banks to exploit those loopholes you mentioned.

[@hadrianj684]

Nicely said Heidi. Blows my mind that many are still "touchy" about the need for censorship resistance. Where have they been living for the past few years.

[@edouardbeauvais]

bitcoin is the only vote that matters...

[@omadoutlaw4868]

My home loan was one those sub-prime loans! 15 years later,I still have the house and loan! Thanks to bitcoin I have more money than any time in my life!

[@seriousbutfunny2]

One of the best videos you've put out in a long time. Lots of times when I ask people why they don't invest in BTC, their response is "I don't understand it." With all due respect if someone doesn't understand BTC then you don't understand money, and/or how financial systems operate. (And unfortunately most people don't). But even if you do understand, but you're rooted in the current system, then your natural inclinations is to want BTC to fail, so that you can keep profiting from the status quo. Just my 2 Satoshi's.

[@arnaldo6784]

We need more education like this showing the people the real values of Bitcoin excellent video! 💯 thank you

[@denisconnaughton2923]

Thanks again Heidi. Fantastic. Blessings from Ireland.

[@MarceloPaste]

I love crypto market. Even with the whales manipulating the market, is still a better option than the traditional market of stocks.

[@Mr25thfret]

Fantastic video Heidi. 2nd wave OG here and everything you said was spot-on! Good luck with your book. When it comes out, be sure and drop the link here first!

[@beepmcjeep5527]

Looking forward to your book Heidi!

[@michaellamont2605]

I was a HEX & PULSE CHAIN Maxi for a while but I've heard some really creative ways of using the minors heat And way of not wasting electricity Coming back round to bitcoin

[@Luckie337]

Volume is too low.

[@cx1291]

Thanks, Heidi, always worth brushing up on what Bitcoin is.

[@lehao5995]

Thank you Heidi love to read your book soon

[@CryptoTips]

Thanks 😊

[@mickeydrago9401]

Don't miss her chapter, WHY I'M GREATER THAN NATALIE BRUNELL 😘

[@WJ1043]

Bitcoin (BTC) was the first peer-to-peer payment system, which was revolutionary. It satisfies such a fundamental need within our financial system that it inherently holds significant value.

[@deedslivengood]

Good video. You asked for input/questions. When do you expect the average person to use Bitcoin in their everyday life and how do you see this being done? Right now, using Bitcoin is not intuitive.

[@fluffyhoundog]

The adoption phase is a great time to make money, but is there enough BTC for the world as money? What happens when 50% is lost, or when 75% is inaccessible way in the future?

[@XrpIambo]

What happens if a billionaire terrorist or organisation decides to send 5M Bitcoin to a tangem wallet and then destroy the cards?

[@afribeanner]

In previous Centuries we rightfully separated the Church from the State . In this Century we are witnessing money being separated from the State.

[@smartguym.2260]

Unpredictable (and always high) fees make Bitcoin unusable already even before any possibility of mass adoption.

[@AdvancedGuy29]

Everything you need to know about Bitcoin in less than 30 minutes.

[@DavidChen322]

Never a bad thing to get back to the fundamentals.

[@CryptoTips]

A lot of the new people in this space need to know! 😊

[@billfrenger8955]

Anonymity is especially important in the U.S.

[@lurker668]

What ? 😂 Then BTC isn't for US

[@mikedowns1842]

Freely spend and freely *save*

[@agrxdrowflow958]

Because of the monetary regression principle, money is silver and ONLY silver. Centuries of silver-based trade has those silver-based prices baked into human DNA. It will never leave. BTC is a new asset class built atop a silver-based pyramid.

[@smartguym.2260]

10:29 "It benefits the end user by vastly decreased fees for transactions" I don't see it. Bitcoin fees are always high and worse yet, unpredictable.

[@raw-earth-exploits]

My btc is stuck on exchange, network fees are too high to transfer.

[@JorgeRodriguez-iq7vb]

A friend tried to get me to invest in Bitcoin in 2010, $100. dollars he said, will make you rich.... I told him that I wouldn't buy "monopoly" money for any price. Do I regret it now.....

[@keto4life197]

To make a perfect yet too complicated for politicians to understand pyramid sceme

[@michaelcanon1320]

Great vid. Can you guys do a video on best places to get dual citizenship? Where do you guys live?

[@allanosborne5978]

Nice video, Heidi. Well done!

[@CryptoTips]

Thank you! 😊

[@enigmaticnomadics]

Isn't Satoshi Peter Schiff?

[@footymcfootyface4311]

Great video, Heidi. I'm saving it to send to other people and explain what Bitcoin is. Say Hello to Lil Ninja please.

[@oraltosun]

Total amount of Bitcoin is 21 million. There is no chance of print new Bitcoin. That's OK. But, (a big but), the numbers has no end. Those 21 million Bitcoin could be divided as much as wanted. Who's to say we won't see a billionth of a Satoshi in the future? And how is this different from printing new money?

[@ZombieCorp999]

As long as you don't put all your faith in BTC alone. If so, we will lose.

[@edwinmatser5859]

Thanks Heidi. This is extremely important info. Could you please also elaborate on utxo? Regards from the netherlands

[@joseantoniomenendezdomingu1162]

GREAT UPDATE , BIG HUG BOTH 👍🇲🇽

[@moonlambo-mf2tw]

the cuort is says creg is not the Satoshi so now the bitcoin is now go moon then to buy the Lambo and drive fast on moon

[@Anonymint-vj7bt]

“Just think of a spider.” Which you obviously sourced from The Starfish and the Spider.

[@Emrico35]

Bitcoin is seperation of state and money but degens focus on gambling and getting rich quick.

[@squareff255]

Wow. You’re so knowledgeable and cute! Loved this video, I learned a ton! Thanks!

[@Micaelbarnes]

We need to look at what the BIS you know the central banks of central banks. They are invested into BTC,ETH,Xrp,ada and a few others.

[@exhippie503ommp2]

The people in charge of the monopoly bank seem to always be winning this scam.

[@Mr25thfret]

We'll see how Saudi Arabia dropping the petrodollar affects it. I think people will be rushing into BTC as soon as those dollars start coming home.

[@silverstang859]

Great video, thanks for the Alfa

[@Rinzler101]

[Blockchain created by DARPA for [Drone Swarm tech] cia then converted for crypto] 👀

[@salqubeq5203]

Good video. Very informative literature review & great summary of key points for new comers! Thanks

[@northshoreplaid]

Ps. Excellent video. Shared to some of my sheeple friends. I’ll bet you 10-1, very few will watch and get it. They’d rather believe that eating three squares a day is living. lol.

[@CryptoTips]

Appreciate it! 😁

[@gonk227]

I knew about bitcoin but still worth a watch👍

[@AbeAlexander]

17:24 "It was a bushfire", Oi mate! fancy a frosty VB! Crikey!

[@michaellamont2605]

Are you being Racist? Can I join in ya Flamin Gala Struth! Those Abos eh!?

[@billfrenger8955]

Thank you Heidi! This presentation will help a lot. Can't wait to get your book, can it be pre-ordered? We need to do more reading, especially about important issues because, as we know, the main stream media only spews propaganda. Speaking of books, have you or Toby read Chris Hedges and Joe Sacco's "Days of Destruction Days of Revolt"?

[@mickeydrago9401]

16:40 Let's not avoid the irony and comical truth here: Hal put in Cold storage...

[@mickeydrago9401]

Also the Craig Wright case, most recent one, demonstrates quite well with very early emails that theories about Adam Back and Hal don't work... Both can be very safely discounted as being Satoshi

[@harrisonhicks9697]

Sorry, I don't know your name, which is fine, because the internet can be weird. That said, thank you so much for these videos & your hard & honest work. It is very much appreciated!! Peace, and stack Sats.

[@janchakos2648]

Thank you Heidi🌴

[@Wiz145]

$LWC is created to narrow the distance between crypto people and normies

[@brycewaterhouse8188]

Sorry it wasn't Hal.. but he was most definitely a. Fan

[@steviegwhizz345]

At the recent "New Bretton Woods" meeting ... "...When we created Bitcoin..." Who do you thing REALLY created Bitcoin and WHY?

[@sarcasticcrypto]

please re-watch this video

[@drz4073]

Someone once said "Don't think of gold as an investment but rather a hedge".... bitcoin is digital gold (digital hedge)???

[@prototype9904]

Great Explanation and Reminder of Basically: "how we got here" , and what we can do about it \m/ /cheers

[@jbga.6178]

Does Subway accept Bitcoin?

[@joe3santacoloma]

Heidi...I share your enthusiasm about btc....but don't you think the US government made btc ?Look at the nsa papers in 96 ...and sha 256 in 2001 .....just want to pick your brains.....Thanks in advance !!

[@tomausman8645]

Awesome show. Thank you. 💐🙏

[@ComPost007]

How can a government (or the IRS working for the federal reserve) legally tax a private currency that isn't created, maintained, or issued by them? Also, if CBDCs become the future of digital currency, isn't that just completely undermining the entire reason for crypto?

[@Aquame68]

Yes Bitcoin was created for all the reasons you say it was by design 🎉

[@PepperStone3]

But what made bitcoin valuable? Like who or what determined that one bitcoin is worth “x”

[@CryptoTips]

The free market

[@douglaswilliams774]

Just being patient with my humble 8 coins for it to go up .. that's it. 😊

[@knoxlowe1]

Hi Heidi, In April 2010 I think the offer for 10,000 BTC was a no bid at $50. Someone countered with a $20 bid but it was not accepted. I could be wrong.

[@CYI3ERPUNK]

great vid heidi , always luv the historical references =] ; my fav videos of urs from back in the day were the 'what satoshi said' vids =] stay awesome

[@CryptoTips]

Hey! That was a fun series to make :) glad to have you still here and commenting, I appreciate you!

[@dancindebs1]

Thank you for your clarity. I got caught. Screwed out of my life’s wealth thru the 2008 mortgage yuk. My x husband added his name in a balloon payment. The situation was so filled with fraud the detail slipped through the authorities. It took me 12 years to track down the paperwork.

[@1967MGC]

While I have spot Bitcoin and Ethereum, I do like the opportunity to gain yield via covered-call options and/or staking via a tax-free account. I'm waiting for the market to drop, as it appears to be topping out. Then I want to buy an Ethereum ETF to grow my tax-free account, so I can switch over to a yielding version of it for retirement income. As for the spot ETH and BTC, I'm not selling any of it, probably ever, as I bought them on the cheap. And, LOL, I'll dump my other coins in a heart beat as soon as I see them pump a lot.

[@lionethics6887]

NSA created Bitcoin

[@CryptoTips]

What do you think of David Chaum?

[@kuvala1306]

VERY Good Video

[@dave5453]

Thanks Heidi.....good job

[@CryptoTips]

Thank you too! 😀

[@venchandlerseu]

if "Satoshi Nakamote" would appear, would it be good or bad for Bitcoin? will BTC end?

[@melissapereira9879]

Thanks guys Cold storage = best way to store your crypto. Cold storage = also for freezing people 🙃

[@dansauer4712]

Yes, amazing timing for the release of DEAD man's money ( CRYPTIC ) I give you the creator, the N.S.A. 🤣🤣🤣🤣🤣🤣🤣

[@JibrielEide]

Heidi/Toby is quantum computing a threat to bitcoin or crypto wallets?

[@LPPDrums]

Bitcoin is not the future, enter the rabbit hole, all will be clear, invest wisely into this technology.

[@sbcchartering4764]

What about trading through Revolut

[@lonesom]

Isn't it about "inflation"? BTC is "deflationary". I thought this was the primary motivation for it.

[@CryptoTips]

Bitcoin isn’t deflationary. It’s a hedge against deflation.

[@rgkafk5djsk291]

Hey Heidi ,any tips on how you look great always ? Sorry off topic :)

[@jbga.6178]

Read The Creature from Jekyll Island - G. Edward Griffin.

[@twinturbo3461]

Bitcoin wasn't created by some mysterious guy named Satoshi Nakamoto and Bitcoin wasn't created in 1 year, 3 years, or 5 years. It must have took them a decade or more to make Bitcoin because they had to figure out every possible scenario and how it could work around the SEC's policies and how it could become international. It definitely wasn't one guy in an underwound lab or basement that figured all this out by himself, it was a team.

[@CryptoTips]

You’re right, if you’re curious to dig deeper, check out David Chaum, Nick Szabo and the many others in the cypherpunks. Attempts at cryptocurrencies began in the 1980s but they weren’t concerned about the SEC.

[@twinturbo3461]

@@CryptoTips I've heard about Nick Szabo but not David Chaum, will definetly check it out.

[@SAT0SHI.NAKAM0T0]

™️ 🤐+1 ❤

[@sarcasticcrypto]

Also, Bitcoin wasn't the first attempt to create a digital currency, but it was the first to succeed.

[@darkktiger8208]

Great video! 👍💯👌😎 thank you! 😉❤️🇨🇦😜