Why Buy Bitcoin Investing Today in the Money of Tomorrow

 I believe in 2020, we printed of the entire us dollar amount ever created that's, pretty it's, pretty insane right, because it goes back to what you're talking about the expanding monetary supply. Your salaries are staying roughly the same, the monetary supply is expanding, your purchasing power of your dollar is shrinking.

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Most people don't even think about that they just spend their dollars and you know, maybe, if you're, not holding the dollars, it doesn't matter as much, but it's. That's, the problem they try to. I guess the powers that be want to hold everybody in that position to some degree so that they can keep printing, so that kind of takes me to uh to scarcity a bit because, based on those principles, there's, only 21 million bitcoins.

That will ever be created. Now i had some some folks yesterday asking questions about the scarcity of that. You know what happens as we approach that you know in your mind, what happens as we approach 2141 when the last bitcoins are being mined um? What does the world look like? Um, you know regarding bitcoin and the use of it at that point.

Well, i think scarcity uh just means integrity, it means math, mathematical purity or it means conservation of energy, and if you have integrity in any engineered body or reactor, that just means that you're, not going to be leaking pressure or leaking fluids.

It's, a closed system thermodynamically or an adiabatic system, and, of course, what you learn in engineering is. You can't solve for a non-adiabatic system. There's, no solution because it's, uncertain as to how much fluid or how much mass will enter or leave the system that makes it impossible.

So scarcity, really, to my mind, just means we've decided to create a conservative adiabatic system such that we can solve an economic problem um. You know once we've done that. What do i think will happen? I i think that uh the system uh, you know the bitcoin monetary network - will gracefully evolve into a monetary network, that's funded by transaction fees and the transaction fees will finance the miners to provide transaction processing, power and security, and it'll be all market driven and, as the network gets more broadly distributed, the demand for scarce bandwidth on the network will increase and the transaction fees will increase and the and uh and the transaction size and monetary value will increase.

We'll end up moving large blocks of money million dollars, 10 million 100 million, whatever the fiat currency is it'll, be large blocks with high transaction fees, and then all the small blocks will move off chain in, in essence, bitcoin Banks like paypal or square or binance or coinbase, which are in essence bitcoin banks that are moving hundreds of millions of small transactions off-chain or maybe enlightening if you will and uh and and it'll be great.

Bitcoin Primer

It'll, be fine. So do you think that uh, you know let's, say invoices will be thought of in bitcoin in the future instead of right. Now it's. I guess globally accepted that the us dollar is a good comparative uh currency um.

When you're invoicing, do you think that we'll start to switch because it's, so universal? What i, what i think is there's, going to be five? Let's say today. There's, 500 trillion dollars worth of monetary energy money in the system and it's, divided between currencies like the euro and the dollar.

It's, divided in tangible hard assets, maybe real estate trophy assets, art gold, silver, bitcoin, and then there's, a portion of it sitting in bonds and stocks and bitcoin is going to grow from that 600 billion dollar asset to become A 10 trillion dollar asset like gold, then it will subsume gold  

Ll become a 20 30 40 50 100 trillion dollar asset and that'll, be the core of the monetary planet. If you will right now, we're still going to have picasso and people will have value for their picasso paintings.

You're still going to have your diamonds, you're wearing and your gold rings, and you're, going to have your beach house, because you're, going to want your beach house. If you're going to own stocks, you're, going to own them, because you love the companies, because you wanted to make an investment in the company because you love the company, you think it's, going to go Up faster than the rate of monetary expansion, i think that the currencies will be mandated by the governments.

As long as there's, a united states government there & # 39, ll, be a dollar and the dollar will be legal tender and and people will buy things and sell things transactionally in dollars, and the reason why is because the irs gives the Dollar currency tax treatment - if i give you a hundred dollars a year ago and if the dollar appreciates against the peso over the next year - and it's, worth 10 million gazillion pesos.

And you give me the hundred dollars. The us government is not going to charge you a capital gains tax right, so it makes sense for you to move dollars as currency because there's, no tax obligation. But if i give you a bitcoin a year ago and the bitcoin is now worth it was worth ten thousand a year ago and it's worth a hundred thousand next year.

And you give it back to me, you're, going to owe the federal government 35 000 in capital gain. You're, not giving me the bitcoin. Keep the bitcoin give me the dollars right. You want to give me you want to give me money, borrow against the bitcoin fund in the bitcoin currency and then give me the dollars or convert something into dollars, and that's, so your your currency is dictated by the government.