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In this video, I discuss what makes the Bitcoin network so special, by comparing it to the US dollar network. Both are monetary networks with nodes that communicate with each other.
However, the US dollar network is highly politicized and permissioned. You need special permission to move money on this network, or to become a node on this network.
By contrast, the Bitcoin network is permission-less and open to anyone. You do not need permission, or a license, or a special degree to mine Bitcoin, validate transactions as a full node, or send or receive money on the network. The Bitcoin network is open to all tribes and races and people of all political persuasions. It is a truly neutral network and asset.
It is also the only open monetary network that is truly decentralized, secure, and not operated by insiders like venture capitalists or founders.
Bitcoin the network is completely open, and the monetary asset that moves on this network freely cannot be debased or confiscated.
There's only one Bitcoin. Accept no substitutes.
Not investment advice! Consult a financial advisor.
Image of network and nodes:
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Federal Reserve members:
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Insider trading scandal at the Fed:
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ECB head is corrupt as well:
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US freezes Russian central bank assets:
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Iran and frozen US dollars:
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US government can freeze your bank account too:
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Operation Choke Point:
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FedWire:
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Ethereum on AWS:
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DAO hack and transaction rollback:
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Watch all of my free YouTube videos here:
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Use this secret coupon code to get a discount: YT99
Check out my Amazon best-seller, "A Beginner's Guide to the Stock Market":
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I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.
My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.
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Disclaimer
Neither Trader University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video or at www.Trader.University (henceforth, “the Site”) should be construed as such by you. This video and the Site should be used as educational tools only and are not replacements for professional investment advice. There is a high risk in trading.
