What is Bitcoin?. 👀 Ultimate Beginners’ Guide! ✅ (EUREKA Moment 💥) You Will Understand Bitcoin! 💯

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“WHAT IS BITCOIN?!” 👨‍👩‍👦‍👦 GOING TO $1,000,000+?! 📝
Hello, fam! Crypto Casey, here 👋 and I'm on a mission to improve people’s lives through #crypto education. In this important video, we explore what bitcoin is and why it’s more important than ever for all of us to invest some time into understanding how it works and its underlying blockchain technology, as well as spreading awareness about it with all of our friends and family ... Let’s jump in!
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SECURE YOUR CRYPTO ACCOUNTS!! 💥💥🌏
⭐🔐 Ledger Special!! ► bit.ly/Ledger-x28
💥 Limited Time “Safe Journey Offer”!!
⚡💰 $30 in FREE BTC with Nano X!
⚡💰 $20 in FREE BTC with Nano S Plus!
✔️ Offer Expires April 18th, 2023!
… Shop now! 🔥 bit.ly/Ledger-x28 ➜ ₿
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CHAPTERS 💬 (Watch to the end!)
00:00 - What is Bitcoin?
01:45 - Financial System is Legalized Theft
02:36 - Ultimate Bitcoin Guide
03:30 - Importance of Bitcoin
04:20 - Creation of the Central Bank
07:10 - Unfortunate Truth About Reality
08:55 - How Bitcoin Works
11:30 - What is Blockchain
15:55 - Bitcoin Blockchain Explained
18:15 - Bitcoin Halvings & Fixed Supply
20:30 - Bitcoin Divisibility
22:35 - Bitcoin Wallets Explained
24:00 - Different Bitcoin Perspectives
25:55 - How Bitcoin Wallets Work
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🌐 Coinbase ► bit.ly/Coinbase-x2
🌿 Robinhood ► bit.ly/Robinhood-x1
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WHAT NEXT? 🗺️
1. Subscribe 🔔, turn on Notifications ⏰, Like 👍, and Share 🔗 this video!
2. Sit back and enjoy an informational binge session watching my other how-to videos on crypto, blockchain & #finance:
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💬 Full Playlist: “Bear Market Survival for Beginners (Start Here!)” ► bit.ly/PlaylistC-x1
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TAGS: #cryptocurrency #crypto #bitcoin #cryptocasey #whatisbitcoin #btc #blockchain #blockchaintech #blockchaintechnology #bitcoinblockchain #decentralization #immutability # transparency #usdollar #fed #usd #federalreserve #fiat #fiatcurrency #jekyllisland #centralbank #bank #howbankswork #digitalassets
TOPICS: bitcoin, what is bitcoin, how bitcoin works, bitcoin 2023, crypto, cryptocurrency, how us dollars work, fiat currencies, federal reserve, central banks, central banking, jekyll island, blockchain, bitcoin blockchain, blockchain technology, bitcoin for beginners,
NOTE: This description contains affiliate links. If you purchase a product through one of them, I will receive a commission (at no additional cost to you). Thanks for supporting the channel!
DISCLAIMER: The information contained herein is for informational purposes only and not to be construed as financial, legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.
▬▬▬▬▬
❤️ Be safe out there.
-Crypto Casey

[@CryptoCasey]

🔐 Ledger Wallets ► bit.ly/Ledger-x1 Protect Your Crypto & Get Off Exchanges!! ⚡💰 Nano S Plus, Nano X, and Stax: From $79!! ✔ Completely Own & Control Your Crypto! ⭐🌐 Proton ► bit.ly/Proton-x4 (Free!) ⭐ ⛰ NordVPN ► bit.ly/NordVPN-x1 (57% off!) ⭐ 🔐 Ledger Wallets ► bit.ly/Ledger-x1 ▬▬▬▬▬ GET SET UP ON MULTIPLE EXCHANGES TO BUY BITCOIN!! 📈 🌐 Coinbase ► bit.ly/Coinbase-x2 🐙 Kraken ► bit.ly/Kraken-x4 🌕 Binance ► bit.ly/Binance-x2 🌄 MEXC ► bit.ly/MEXC-x1 ▬▬▬▬▬ “WHAT IS BITCOIN?!” 👨‍👩‍👦‍👦 GOING TO $1,000,000+?! 📝 Hello, fam! Crypto Casey, here 👋 and I'm on a mission to improve people’s lives through #crypto education. In this important video, we explore what bitcoin is and why it’s more important than ever for all of us to invest some time into understanding how it works and its underlying blockchain technology, as well as spreading awareness about it with all of our friends and family ... Let’s jump in! ▬▬▬▬▬ SECURE YOUR CRYPTO ACCOUNTS!! 💥💥🌏 ⭐🌐 Proton ► bit.ly/Proton-x4 (Free!) Easy-to-use encrypted email, calendar, file storage, VPN! ⚡💰 FREE email account! Sign up today!! ✔ Swiss-based: Privacy and freedom first! … Protect Your Crypto!: ⭐ 🌐 bit.ly/Proton-x4 (Free!) ⛰ NordVPN ► bit.ly/NordVPN-x1 Add an extra layer of security: browse safely & securely! ⚡💰 Get 1 month FREE + 57% OFF (2 yr plan)!! ✔ Extreme speed! Geo-access streaming platforms! 🎉 Bonus Gift: Celebrate NordVPN's 11th Birthday! 🔐 Ledger Wallets ► bit.ly/Ledger-x1 Protect Your Crypto & Get Off Exchanges!! ⚡💰 Nano S Plus, Nano X, and Stax: From $79!! ✔ Completely Own & Control Your Crypto! ▬▬▬▬▬ CHAPTERS 💬 (Watch to the end!) 00:00 - What is Bitcoin? 01:45 - Financial System is Legalized Theft 02:36 - Ultimate Bitcoin Guide 03:30 - Importance of Bitcoin 04:20 - Creation of the Central Bank 07:10 - Unfortunate Truth About Reality 08:55 - How Bitcoin Works 11:30 - What is Blockchain 15:55 - Bitcoin Blockchain Explained 18:15 - Bitcoin Halvings & Fixed Supply 20:30 - Bitcoin Divisibility 22:35 - Bitcoin Wallets Explained 24:00 - Different Bitcoin Perspectives 25:55 - How Bitcoin Wallets Work ▬▬▬▬▬ GET SET UP ON MULTIPLE EXCHANGES!! 📈 🌄 MEXC ► bit.ly/MEXC-x1 🌕 Binance ► bit.ly/Binance-x2 🌐 Coinbase ► bit.ly/Coinbase-x2 🐙 Kraken ► bit.ly/Kraken-x4 ▬▬▬▬▬ WHAT NEXT? 🗺 1. Subscribe 🔔, turn on Notifications ⏰, Like 👍, and Share 🔗 this video! 2. Sit back and enjoy an informational binge session watching my other how-to videos on crypto, blockchain & #finance: 🖥 See ALL my other videos in one spot! (& Subscribe) ► bit.ly/Casey-x1 💬 Full Playlist: “Bear Market Survival for Beginners (Start Here!)” ► bit.ly/PlaylistC-x1 📺 Watch: “The Ledger Ecosystem! (Full Walkthrough!)” ► kzbin.info/www/bejne/gZikpaOYntKDaKs ▬▬▬▬▬ FOLLOW MY ONLY OFFICIAL CHANNELS! 📢 ⭐ TikTok ► www.tiktok.com/@cryptocasey/ ⭐ Twitter ► twitter.com/cryptocasey/ ⭐ Instagram ► instagram.com/cryptocasey/ ⭐ Rumble ► rumble.com/c/CryptoCaseyEnglish ⭐ Podcast ► cryptocasey.buzzsprout.com/ ⭐ Facebook ► facebook.com/cryptocasey/ ⭐ Newsletter Sign-up ► CryptoCasey.com/ ▬▬▬▬▬ SUPPORT THE CHANNEL WITH A DONATION! 🙏 BTC ► 12XfdCJqEuRRzMrcD1YaE5kHeSShdkcW3G ETH ► 0xf94c719621E358890Dd33dD010a1fb4717EbdaE4 ▬▬▬▬▬ TAGS: #cryptocurrency #crypto #bitcoin #cryptocasey #whatisbitcoin #btc #blockchain #blockchaintech #blockchaintechnology #bitcoinblockchain #decentralization #immutability # transparency #usdollar #fed #usd #federalreserve #fiat #fiatcurrency #jekyllisland #centralbank #bank #howbankswork #digitalassets TOPICS: bitcoin, what is bitcoin, how bitcoin works, bitcoin 2023, crypto, cryptocurrency, how us dollars work, fiat currencies, federal reserve, central banks, central banking, jekyll island, blockchain, bitcoin blockchain, blockchain technology, bitcoin for beginners, NOTE: This description contains affiliate links. If you purchase a product through one of them, I will receive a commission (at no additional cost to you). Thanks for supporting the channel! DISCLAIMER: The information contained herein is for informational purposes only and not to be construed as financial, legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome. ▬▬▬▬▬ ❤ Be safe out there. -Crypto Casey

[@CelesteMonroe-ei5nc]

What is the best strategy to enter crypto trading now for someone with more or less than $40k

[@AuroraPenelope-qu3dx]

You need a pro or very goodTrader. Someone like Jared Brian Watkins

[@HugoSebastian-zf2gk]

Jared excels at capitalizing on economic shifts and I have confidence in his trades

[@DonovanSawyer-yg1wk]

Almost gave up due to constant losses, but Jared turned my luck around

[@FelixMontgomery-qq9xo]

I went from 50k to 400k with Jared. Thanks to that I paid off my debts

[@CelesteMonroe-ei5nc]

Can someone share a way to consultMr Jared

[@alfadean]

feels like dejavu. I've watched this last night 😂

[@CryptoCasey]

Yesss, so sorry about confusion. Was testing out this new “podcast” feature, but KZbin is showing it like another regular video upload 🤷‍♀️ Maybe still working out the details?

[@StraitD2]

A dude in my college back in 2012 who had been mining it from the beginning had purchased 10s of thousands of bitcoin for a penny. He was amassing it like he KNEW it was going to explode in the future. By 2015, he disappeared, none of us heard from him again. He had hundreds of millions of bitcoin, more likely billions. I had no idea what he was talking about then, but by the time I became interested it was already over $2k/coin.

[@Elohim-and-Marcel]

Theres only 21 million bitcoin but i get the point

[@karatechrist1038]

Dudes the avatar

[@rkeyology81]

This might be you best video to date. And that’s saying a lot. You’re content is always top notch. I appreciate the time you’ve put in to educating everyone.

[@CryptoCasey]

Hey there 👋 Thank you so much for taking a moment to comment and let me know you found this particular video exceptional 🙏 Helps plan future content 💯

[@HeyMakers1]

You're timing to put this out ... excellent. And thank you.

[@redphoenixalpha7229]

Great video! Thank you!

[@katehall5135]

I do appreciate your work, amazing. Thank you

[@williamruiz8927]

Your voice is so soothing. Information is spongeble .

[@sandywilliams2698]

Thanks!

[@rodneylolomanaia9667]

Love the simplified explanation. Thank you crypto Casey

[@CryptoCasey]

Thanks Rodney 🙏

[@damonsiegiel7855]

The creature from Jekyll Island what a great book I read that in my early 20s. Great information as always.

[@CryptoCasey]

Yes, definitely an important part of US financial history 👀 Still need to read the whole thing for myself. Thanks for commenting, Damon 👋 Appreciate it 🙏

[@aaronrowlands7719]

I'm loving this info, mind blowingly good, Thanks Casey

[@cabochris100]

Fantastic info!😊

[@foday_forex]

Thank you so much crypto Casey This video really teach me a lot about Bitcoin ❤️❤️

[@stargazer3364]

So very true. Wow..!!

[@thehungergames8918]

You are awesome Casey ❤️

[@sidcarillo2901]

Thank you Casey

[@dariiaishchuk5816]

Thank you 🙏 for all this information. I finally understand and see the bigger reality behind crypto

[@grantcaldwell1504]

I enjoy your shows very much. Thank you for explaining in such a way that this grey headed Boomer can understand. More shows please! 😉

[@fredjohnson688]

I like learning thank knowledgeable

[@ChefEarthenware]

Excellent video.

[@CarlosWillis]

This is probably the greatest video on YT abt DLT/Crypto i have ever seen. The content, the pace, the delivery. Bravo for this.

[@CryptoCasey]

Hey Charles 👋 Thank you so much for your kind words and for taking a moment to let me know you found the content valuable 🙏 Appreciate it

[@BreadFred3]

Thanks.

[@esterifed560]

Absolutely great video!! Keep up the good work. This is a video my dad would understand

[@CryptoCasey]

Hey Matt 👋 Thanks for letting me know you found the content valuable and easy to understand 🙏 Appreciate you

[@micomarinas2753]

wow perfectly said!😉🔺

[@ProjectHellfire1]

Chuckles at Lizzy Warren @ 6:20 .... hilarious !!! but so true.....she puts on an act in front of the camera as if shes working for the people....but really she's been bought.

[@pureevil823]

I can’t understand why someone hasn’t already done this type of video with this amount of detail for the newcomers to Bitcoin…… !

[@retlawpezlo3273]

Great job at breaking it down girl

[@malikgg8373]

Good

[@spotify80]

You should do a lowdown like this for every academic syllabus of every college and university in existence

[@Anamnesis]

Nice work as always, Casey. Are you planning an update on Tether in light of the bank collapse situation?

[@CryptoCasey]

Hey there 👋 Thanks for commenting to let me know you liked the video 🙏 Good idea, it’s about time for another update 👀 I’ll look into it

[@Ro-bx6ss]

Thank you young lady, you've inspired me to keep going. I've been so depressed as I cannot seem to get out of this deep hole that I'm in. I along with the majority of the world never got financial education even though we went to school. Instead, we were taught how to become a loyal slave. I made a small amount of money with Doge coin two years ago and did not even understand how money really works and was sooo far in the debt hole that they little that I made, was used to finance my daughters schooling. I'm learning and I'm wiser than before. Thank you Casey!!!!

[@A.1.2.K]

Fire 🔥

[@bursto415]

If you re-upload this video every day, I will watch it every day! No matter how many days in a row!

[@CryptoCasey]

Yeah, sorry about that - was testing out KZbin’s new “podcast” feature, but it doesn’t look like KZbin differentiates it from a regular video upload 🤷‍♀️

[@Nando-do3cp]

I sent several people to this video that are trying to understand for Bitcoin works😊. They’re very impressed how well you explained great job 👍🏽

[@Nando-do3cp]

I meant how not for

[@thehungergames8918]

Digital Gold 🏅

[@thorarthur66ddz]

Great video. Please keep doing Bitcoin content, thanks!

[@CryptoCasey]

Hey there 👋 Thanks for letting me know you find the content valuable 🙏 Helps out a lot

[@davidcooke285]

What I don't understand is if I bought BTC last year at 55k it worth 27k today? Maybe not talking apple to apples but it's why I don't put my money in it?

[@gragnaktube]

Mostly due to the credit cycle. Dollars are scarce right now. But we saw in 2020 is very easy for that to reverse, when the dollar gets printed. To print bitcoin you need to spend energy and own mining rigs and continue to do so due to difficulty adjustment.

[@deekneumann3943]

Casey misunderstands a few things, but her overall message rings well. Printing more money does not cause inflation. Printed money when used improperly increases inflation.

[@nguyenbaphu8157]

Can ledger be use in different country?

[@691deadsilence]

Casey do you know a good mining site

[@rgonzalez9824]

Wow, amazed. This girl knows her shit. Good job. Thank you for the info. Would love for you to make a video on how to sell my crypto coins from my ledger. Or do I have to send it back to an exchange to sell?

[@davidabcdefg]

double upload Casey!

[@CryptoCasey]

Hey David 👋 Good lookin’ out 😎 I was actually testing out KZbin’s new “podcast” feature for creators, but it doesn’t look like it differentiates the content from a regular video upload 👀 Maybe they are still working on it, not sure. Will see

[@Artlifeike]

Great video I definitely recommend this to anyone who is wanting to learn more about cryptocurrency and the blockchain.

[@CryptoCasey]

Hey Ike 👋 Thanks for letting me know you will share the video 🙏 Glad you enjoyed the content

[@ouchieouchie8130]

Hey Casey where can someone in the United States buy crypto, is it still easy to purchase since the bank shutdowns?

[@blangtube]

What do you think about Ron Paul?

[@johnflowers989]

So when does your book and training system come out.😀

[@CryptoCasey]

👀 Working on it

[@edwardberecky2955]

Hi can anyone help me casey always talks about bitcoin but what do people think about XRP would that be like bitcoin also?

[@houndjordan]

So what company profits when I buy it? And how do I buy gas or groceries or pay bills with it. How can I borrow it to buy a car or house with it ?

[@joncraignelson871]

I have a substantial position in LTC which it seems from this video is not used like or as widely as BTC. Your comments would be greatly appreciated.

[@bayardo]

when you say stuff like this @8:40 I question if you know that you also have fees in crypto, and sometimes ridiculous fees....

[@melwadone]

Thanks for your knowledge. I really appreciate you. I'm 67 and 2 months new to crypto and doing better than I thought with $2000 Bitcoin and some Ethereum. Question- Is it better to get a nano x for each separate exchange. I'm on Coinbase ($2000 started) and Forex ($500 waiting to use) and I started on Webull ($1500) as a beginner curious and now to Coinbase and on. Is more than one Nano, and are 5 $79 nanos better than just one $149? I have ordered one (1) $149 and will go with those (the price), but IS it better to have individualized nanos for individualized accounts/brokers? I'm guessing you say yes.

[@Haileyfowels]

Report to ⬆️⬆️ the name on Instagram

[@andrewpipitone1572]

What if bitcoin was created by the central banks? How many whales does it take to change the flow of the money? So those in deep trading please answer that question.

[@fredjohnson688]

Tru story about band's system

[@HugeRidiculous]

I'm curious, how do so many exchanges get hacked and currency vanishes if it's unalterable? Is it just by fishing for people's passwords? And does this method of "banking" have the side effect of covering up criminal activity? Thanks for the amazing breakdowns!

[@CryptoCasey]

Hey Todd 👋 Appreciate your questions and comments 🙏 With centralized exchanges, they aren’t actually connected to the blockchain networks, so when we keep crypto on exchanges, it’s like an IOU. We don’t actually own or control them digital assets until we transfer them off of exchanges and hold on our own wallets, preferably cold storage hardware wallets. Exchanges are huge targets for hackers because they hold a lot of crypto, but unfortunately exchanges definitely rehypothecate crypto, which means a lot of people could be viewing the same exact crypto in their accounts. If everyone withdrew all their crypto at once from any exchange, they would go insolvent because they bank on people leaving their crypto there. Hopefully in the future exchanges link directly to blockchains to ensure accuracy in record-keeping and have sufficient reserves

[@marlanabeasley1790]

Crypto is one world currency What’s bitcoin use for backing ??

[@gragnaktube]

This took me a long time to understand. If a currency has a backing, it means you trust someone centrally to manage the backing, securely, and pay it out in redemption. To avoid a central point of failure, it is actually better not to have any backing at all.

[@GarysGuzzler]

What is Love? Casey don't Hurt me Don't hurt me No more

[@redrojales644]

👍🏽😎👍🏽

[@kryspinkris]

how about lost keys to wallets/lost computers etc? How many BTC was lost or will never be recovered? How many BTC is still controlled by Satoshi ?

[@Jura21]

The more people lost their Keys and access to Bitcoin the more scarce Bitcoin becomes. Nobody knows hoch much exactly satoshi has it is approx. 1 Million. In 2010 he disappeared and never touched and sold a Single Satoshi. Bitcoin is a gift for humanity

[@jacobgambler8696]

963 mill Shiba inu

[@rogrog1616]

If I purchase $1000 worth of bitcoin, whose pocket receives the $1000 cash?

[@Jura21]

When you buy bitcoin there is someone who is selling it. You buy it on a crypto currency exchange like coinbase and binance

[@SatoshiHODL]

A repost from yesterday?

[@CryptoCasey]

On accident - was testing out KZbin’s new “podcast” feature, but it looks no different than uploading a regular video I guess 🤷‍♀️ Worth a try. Maybe they are still developing how it works 👀

[@Natty718]

What’s the incentive for miners to keep securing the network once nearly all Bitcoins have been mined?

[@CryptoCasey]

Hey there 👋 Mining fees are twofold: new minted bitcoin (which will eventually hit maximum supply of 21 million) and mining fees. Once the last bitcoin is mined, the mining fees will adjust to make up for max supply being reached

[@dlawlis]

based af

[@cornycorn8688]

I'd watch this the day before, are you ok?

[@HugeRidiculous]

Also, when you say bitcoin is distributed equally for mining work, doesn't that still get taken advantage of by large government backed mining facilities that have more resources then the average person?

[@CryptoCasey]

Hey Todd 👋 Yes, that’s true that as mining difficulty increases over time, people and entities with more resources to buy and own more mining equipment does create a barrier to entry for people and entities without sufficient capital or equipment

[@aaronrowlands7719]

@@CryptoCasey Hey Casey hope you well & good, thanks for great content. I'm gonna study all your videos to try & understand this new digital financial world, but I'm really useless with computers, and fear I may not be able to figure it out. Does it take a certain type of brain to understand crypto or can anybody potentially get on the band wagon? Any tips on how to be more computer/ crypto smart please? Also will you marry me 😁

[@MsMelody]

There was probably something important left out. As a KZbinr myself, it is a hard decision to repost a video after it already has likes and views. Please show Casey some love by liking this one, too. 🙏

[@CryptoCasey]

Hey there 👋 I was testing out that new tab in the creators’ studio called “Podcast” - I don’t really see that they are differentiating it at all from regular video posts 👀 Really strange. Maybe they are still working on the details 🤷‍♀️

[@MsMelody]

@@CryptoCasey Oh wow, I haven't seen that yet. I'm still a newbie YT creator. Thanks again for all your hard work Casey!

[@emanuel9961]

Someone should do a video montage of all the times she said money xD

[@CryptoCasey]

Monayyyy.. it’s a crime… share it fairly, but don’t take a slice of my pie - Mr. Waters

[@emanuel9961]

@@CryptoCasey You have amazing content and I find your videos a great way to keep in touch with what's happening in the crypto space. Just enjoy hearing you say money xD

[@ezwa9979]

gr8 viDO, but bitcoin’s too complicated, & there4 not adaptable enough. &&& the gov./fed./etc., will likely attempt to shut it down in not too far off future - ofcOrs mAB thers a way RoOnd that IdOnO.. 👋😔

[@gragnaktube]

Good point, investors like ossification because it makes it hard to change the 21 million supply and guarantees their share of supply remains steady. Innovation happens on Layer 2+. Attackers continue try to stop it and the longer it runs the less likely it will fail, the Lindy effect.

[@ezwa9979]

@@gragnaktube there’s a lotta(mathmatical in this case) hupla everywhere. the fixed # 21million means nothing, cause it can always be devided again & again forever😑. we are just as ‘far from’ 0 as infinity(for example our microscopes & telescopes have about the same diversification factor). ‘mining’ is an irrelevant(& false term), so is ‘coin’.. it’s a great concept, lined however with the usual hupla-va-dupla👋

[@MyGenXTruth]

Bitcoin is a Dinosaur: Cost too much to send. It takes too long to send. Limited on how much volume you can send. Bad recipe for you and your revenue.

[@Jura21]

Do some more Research. You need it. It is perfect and exactly how it should be.

[@gragnaktube]

Not true. Final irreversible settlement in 1 hour (6 blocks confirmed) for a fee not tied to the amount (only to the number of bytes). No limit on the amount sent. For faster pay and smaller amounts check out Lightning Network.

[@SalTheCryptoFoo]

Reupload ? Lol I swear I have watched this video before

[@CryptoCasey]

Yes, not on purpose though. I was testing out a new feature called “podcast” in the creator studio, and it looks like a podcast upload is treated the same as a regular video upload 👀 Maybe they are still working on it - will see

[@dozegamin8604]

Probably her editor uploaded the wrong video

[@CryptoCasey]

Hey there, sorry about that. Was actually trying to figure out the difference between posting a new piece of content called “podcast” on KZbin, but it looks like it’s being treated the same as regular video upload 🤷‍♀️

[@micomarinas2753]

will all cryptocurrency lost its value if 80% of all countries will ban cryptocurrency and all this countries will have their own cbdc few years from now? USA, Japan, Nigeria, china and few eu countries are now starting in creating their own cbdc.

[@gragnaktube]

Value is based on supply and demand. Look out for a CBDC backed by gold, as that could provide a real competition to bitcoin scarcity.

[@vikitheviki]

Short: they don't like it when they can't cook the book.

[@CryptoCasey]

Exactly - and that they can’t control it

[@dkcb7]

double upload

[@CryptoCasey]

Hey Jean 👋 I was testing out the difference between uploading a new thing called a “podcast” on KZbin versus a regular video, but KZbin seems to be treating it exactly the same 🤷‍♀️ Maybe they are still working out the kinks

[@seapanther53]

It's not the first time in history of the people owning true money. As per the constitution our money should only be gold and silver, which is true wealth and ownership of money. Crypto is great, however, the second part of the name shows what it truly is; currency. Currency, whatever it is, needs to be backed by money, gold and silver. Have both, bitcoin and gold and silver. We are at a pivotal time in our history where we, the people, can get rid of our central back (the federal reserve) and adopt our own non-centralized currency......backed by gold and silver.

[@CryptoCasey]

Yes, interesting times for sure. Crypto is much more divisible and easier to transport and verify than gold - we shall see 👀

[@seapanther53]

@Crypto Casey I 100% feel they will work together. Bitcoin and possibly another will be the currency backed by gold and silver. In fact, each state can have their own separate currency but, as per the constitution, it must be backed by gold and silver. This is what keeps the nation stable, despite whatever currency is used. I won't be surprised if bitcoin and gold settle at $35k per crypto coin and 1ozt.

[@Carpaltunnelgadgets]

Whoops wrong upload

[@CryptoCasey]

Good catch 👀 I was actually testing out this new tab that popped up in my KZbin creator studio called “podcast” and it looks like KZbin isn’t differentiating a podcast from a video upload 🤷‍♀️ Maybe they are still working out the kinks… we shall see

[@NM-pi6ve]

Fiat currency is backed by goods and services.This country has been the source of so many inventions or vastly improved innovations for example, telephones, computers, television, automobiles, cell phones, air planes,medications and on and on. All those products are traded with the green back, or Americas fiat currency. When I go to work, that "work" is payed for with fiat currency. We export many commodities or resources that is exchanged for this fiat currency. Our fiat currency is backed by goods and services, it is just not backed by gold anymore. Yes, the value of our currency is being inflated away and is controlled to a great extent by the Fed. Bitcoin can be used as an exchange of value, and brings unprecedented freedom to those who use it; however, until it is linked directly to goods and services it's value is, in my opinion, entirely speculative.

[@CryptoCasey]

Hey there 👋 Thanks for taking the time to share your thoughts in the comments with us 🙏 Greatly appreciate it. Sure, we can use US dollars to buy goods and services, however the nature of fiat currency when considering the Latin definition of fiat being “to arbitrarily decree or declare” and considering what happened after we abandoned the gold standard, our fiat currencies are just debt issued by the central bank. US dollars are liabilities on their balance sheet and nothing backs them except the faith people have in the US government

[@NM-pi6ve]

@@CryptoCasey I agree entirely with everything you said in the video, everything! I am just saying that the faith people have in the US government, or the petrodollar, is not entirely misplaced. I think it is sad to see our hard won freedoms eroded, squandered and stolen by the few. I remember a few years ago when I tried to enlighten my older brother about wealth concentration in the USA, he surprised me by telling me that "it is the same everywhere." We are seriously trapped. Thanks so much for your research and getting much needed information out to all of us.

[@nayanmipun6784]

But government can still recover your Bitcoin by torturing you

[@augustjalbertsen3163]

Every video that makes a thumbnail with BTC to 1M has a instant low credibility!

[@frankie2xx774]

You’re amazing Casey keep doing what u do girl ! ur knowledge is so valuable to the people u Should run for office one day haha

[@CozyCloudASMR]

Thanks Casey for helping a noob like me 🤍

[@CryptoCasey]

We all in this boat together, fam ❤️ LFG 🚀

[@MsMelody]

Thanks!