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bitcoin’s adoption rate is outpacing the
adoption of the internet now obviously
Bitcoin uses the internet as its
communication system that is moving
energy from electrical physical form
into digital data form AKA
BTC I believe that the adoption of
Bitcoin has been at such a fast pace due
to the fact that Bitcoin connects to so
many different sectors and industries
that is the production of energy the
management of energy on our grids the
machines that produce heat that’s an
ancillary Services heating green houses
in the farming sector all that compute
power coming out of the machines is the
communication of energy transferring
into data and all that data managed by
mining pools that produce the blocks in
the next block of the chain and all of
the blockchain development expanding
into new layers such as Lightning liquid
and the financial sector delving into
all different Financial products and
services with Bitcoin there is something
for everyone

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the Bitcoin Haring is coming does that
mean that the price of machines are
going to cut in half let’s have a look
Satoshi set the monetary policy of
Bitcoin for the next 100 plus years from
when he first created it and so that
means we know exactly when these events
are going to happen how they’re going to
happen and what’s going to happen and so
for example the public Bitcoin miners
everyone knows that their earnings are
going to effectively cut in half and so
people will be selling in advance now
here’s a chart showing mining Hardware
compared to bitcoin price and typically
in the ball markets it follows it like a
moving average but since this last bare
Market the price of machines has stayed
suppressed that’s for two reasons the
network hash rate has gone up so mining
profitability goes down but also the
harving is anticipated we know it’s
going to happen and so machines are sort
of priced over time you look at the 180
day or 2year sort of values of how much
you think you’re going to mine into the
future

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energy is subservient to bitcoin why
well Bitcoin is fixed in Supply but that
doesn’t stop the amount of hash rate AKA
The amount of energy in the system
chasing those finite amount of units
this goes to a bit of an extreme level
you could harness the energy of an
entire sun to power the Bitcoin Network
and it still would reference all of that
energy in 21 million units why is this
important well let me show you even more
Bitcoin has a dollar based pricing
mechanism but it also has an energy
based pricing mechanism I call it
Bitcoin per kilowatt hour or saxs per
kilowatt since the dawn of bitcoin’s
Inception it’s gone parabolic in price
and the only other thing that has gone
parabolic in reference to bitcoin is its
production cost the production cost of
bitcoin will go up infinitely which
means its purchasing power goes up
infinitely that’s

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now I love examples like this this is
the price of a home in US Dollars versus
Bitcoin and as you can see in dollars
the price of the property has almost
doubled so if you were holding dollars
now the house is more expensive but if
you are holding Bitcoin now the home is
10 times cheaper why is this well it’s
because Bitcoin as an asset outperforms
everything else because it’s fixed in
Supply properties can can be produced
you can build them you can build more
which is a selling pressure in the
housing market so if bitcoin’s fixed in
Supply and houses can be produced the
other part of this is money fiat
currency Fiat is infinitely printed so
there’s more money in the system chasing
the same amount of fixed Supply Bitcoin
or properties and so the prices go up
but the value of Bitcoin stays
consistent because it’s outperforming
everything else so everything else gets
cheaper in Bitcoin and

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This is the price of Bitcoin over the last few years and this is the production cost of bitcoin over the last few years as a network average now here’s the thing to understand about why Bitcoin goes parabolic in price well the short answer can be explained with fiat

Currency fiat currency is an infinite amount of printed monetary units inflating to chase a scarce amount of goods and services at any given time that means that more money is chasing fewer Goods the prices go up and the money is going down Bitcoin does this the other way around the monetary units

Are scarce and the energy the mining the production to chase those monetary units is continually going up as the production cost shows and so it’s an infinite amount of energy chasing a scarce amount of monetary units Infinity over 21 million Bitcoin

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So the other week I went to Mexico City where they have a place called the Bitcoin embassy it’s a bar and they sell food and you can pay in Bitcoin and the one thing I’d like to convey to anyone that has an interest in the world of

Bitcoin and has essentially grown up on the internet that it is very important to truly connect in the physical world as well to other people that have like-minded interests it’s a very good way to have a good refresh away from the digital world and place like this are a

Call it good excuse to have a drink and enjoy so that’s my recommendation for the day

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One of the concerns people have had before about Bitcoin mining is that how can you have an income stream that is random that you produce blocks randomly based on for example if you are mining with 1% of the Network’s hash rate you will earn approximately 1% of the blocks

Of Bitcoin but the struggle there is well how much money do you know you’re going to earn but the same analogy can be brought across to any other industry farming does the farmer know exactly how much he’s going to grow that year or does he put all of the time and energy

In preparing his field and the growth and the connection to the sun and the fertilizer and the efficiency of his Machinery it’s the exact same thing with Bitcoin mining it’s the best way to understand it is Bitcoin or bitco and that’s the same for if you

Open a business you don’t know how many customers are going to come in the door you can just sort of throw out an estimate and hope for the best

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So this is my favorite graphic that I created to help people understand that Bitcoin has many moving Parts but it can be easily understood as a circular energy economy that it has six core Parts the production of energy the energy on the grids the demand for energy to produce compute power and that

Compute power finds the next block in the chain and the Bitcoin blockchain is specifically unique not because it’s just a blockchain chain and it’s a silly keyword that’s thrown around a lot but the blockchain is only updated with energy and that is really important because what do we store in these blocks

We store data and that data is Bitcoin and all of the transactions that are made in Bitcoin so the issuance of new Bitcoin and the settlement of existing trade and it’s only settled and it’s only updated through the physical world of energy which democratizes the control of the system the

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There is no Bitcoin, without the expenditure of energy in the physical world.

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So here’s something interesting HSBC have launched a digital gold token that is a digital asset which is an IOU that references a fractional amount of ownership of gold stored in a vault but here’s the problem how do you know and how can you trust they have the actual

Gold stored in a vault somewhere there is no way of intrinsically connecting the physical asset in the real world to the digital coin or commodity in the digital world but there is two Commodities out there that do have a physical asset or energy that is referenced in digital form with a direct

Intrinsic connection between the two bridging Both Worlds that answer is Hash power and Bitcoin are digital Commodities that are intrinsically connected to the physical world of energy through the computational timestamps of producing the next block in the chain

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Question why is Bitcoin a $1.4 trillion asset well that takes an external comparison of the market cap of Bitcoin versus other assets it’s currently in ninth place and it’s overtaking silver that’s quite insanee now the way I understand Bitcoin is like a tree it’s digital mother nature and we can compare

The external value of Bitcoin but Bitcoin has an internal value mechanism that is the production of energy the production of compute power and the production of Bitcoin all circulating as a circular economy just like Nature has some form of energy source some technological computation to produce trees and the fruit of those lovely

Trees Bitcoin

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Solar Punk the progression of technology and the environment hand inand it’s something that I believe that Bitcoin mining would be extremely valuable for in the concept of trading and conducting trade with energy resources let me explain in our economy 50% of every trade and transaction is money so in a

Solar Punk world how would this work we all live decentralized and locally and collectively grow things together so what do we price our produce in we need local markets local economies but at a global scale Bitcoin is the perfect system for this you can store your excess resources in Bitcoin through

Trade or you can store your excess energy resources through mining it doesn’t matter where I plug the same machine in anywhere on the planet it produces the exact same amount of Bitcoin for the same amount of energy input so we bring about a world of global decentralized pricing where we

Can all live in harmony

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Did you know that Bitcoin mining is 95% subsidized that is that we have blocks of Bitcoin being mined where 95% of it is new Bitcoin in issuance and 5% from transaction fees of existing Bitcoin in circulation what this does is transitionally over time we cut the

Blocks of new Bitcoin in half and the transaction fees begin to increase through adoption and that transition is going to take place over the next 100 plus years

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Why does the price of Bitcoin go up after the harving well the short sweet Finance bro answer to this is the supply of freshly mined Bitcoin is cut in half and so with the same amount of demand out there the price goes up it explains things from a price perspective but what

About a value perspective well a miner converts a quantity of electricity exchanged through a machine to earn a quantity of Bitcoin so his electrical Bill stays the same but if the Haring comes along it cuts the amount of Bitcoin in half so now he needs to use twice as much electricity to produce

That same Bitcoin this means that Bitcoin has an electron value so if it’s 400,000 Kow to produce a Bitcoin now you need 800,000 KW the electron value of Bitcoin has doubled and so for miners it’s the doubling whether it’s the finance Bros it’s the Haring

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Bitcoin military technology something you might not have thought about before but the success factors of any military throughout history has been a lot of energy and a lot of monetary resources Bitcoin is a computational fusion of energy and finance and a hard money asset fixed in Supply with a growing

Pool of energy and compute underneath think about it if we’re on a hard money standard that can only be produced instead of just PR printed such as fiat currency well then the modern militaries are going to have to have energy production and energy availability mining Bitcoin as part of their systems

Now I will not be sharing Bitcoin military technology applications on social media but let’s just say that the Justified use of energy energy availability heat cyber security world’s most secure database and hard money being produced are some of the most lucrative things that you could use for a possible modern military it’s

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Bitcoin nodes what are they and why are they important and what is the history of them let’s have a look Bitcoin nodes store all of the transaction data of the blockchain and who was the first node that would have been Satoshi he would have shared all of the transaction data

Of the blockchain up to date with everyone else you can think of the nodes as the digital decentralized expansion of the Bitcoin network but the crazy thing is that’s not how Bitcoin know noes originally were functioning in the beginning you were mining managing your wallet and storing all of the data

Within the node itself let’s have a look when Satoshi began running his node he would have run the software produced his own blocks of Bitcoin stored all of that transaction data and managed the money of his wallet what’s happened now is all of these different roles have segregated into different Industries mining running

Pools managing nodes and wallet applications

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Will artificial intelligence take over Bitcoin or Bitcoin mining let’s see I was about to draw out a whole explanation but the short answer is no AI cannot the reason why is because Bitcoin as a network puts human and machine on Level Playing Field the reason why is because bitcoin’s Network innovates and Pioneers

With energy and computational density that is something that a general computer cannot do no matter how smart because it cannot break the fundamental mathematics behind Bitcoin which is raw processing power to find the next block in the chain AI would have to do the exact same thing as the machines and the

Humans which is to find the next block in the chain consuming a lot of electricity which means the AI would actually have to switch off and cail its own Computing capacity which means it will become less intelligent

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There is a trojan horse in the Bitcoin Network and it uses human greed to trick us into making the world’s most powerful money that has ever been invented let me show you Bitcoin as a network settles trillions of dollars worth of transactions every year that creates a

Poll of fees bitcoin’s fixed in Supply you can’t print it so you have to earn those fees who earns those fees an infinite potential amount of hash power to be produced what is Hash power produced by electricity and so the Trojan Horse is Bitcoin itself inviting people to connect as much energy into

The system and therefore inflating the purchasing power of Bitcoin infinitely over time more directly explained as infinite energy potential locked within 21 million digital units of Bitcoin hash power gives Bitcoin its energy value

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The history of Bitcoin mining Hardware starts with Satoshi nakamoto’s laptop CPU all the way to the industrial huge scale Bitcoin miners consuming megawatts of power let’s have a look people began mining in the early days with just the CPU one CPU one vote and that is consuming electricity to produce hash

Power but as the network got more and more competitive people started using more powerful devices to produce hash power and therefore earn more Bitcoin an Asic is an application specific integrated circuit which basically means it’s a specific computer that does one thing and that is mine Bitcoin and that

Is all of the computers of today the next evolutions of Hardware were to do with the cooling systems instead of using fans we used immersion fluid and then now water what do you think the next evolution of Bitcoin mining Hardware will be

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Is Bitcoin a crypto no Bitcoin uses cryptography as a mathematical layer to defend your monetary data otherwise known as Bitcoin take the example of WhatsApp you’ve got your endtoend encryption which means you send private information through the public internet with somehow nobody else being able to supposedly read it Bitcoin itself uses

What we call a hashing function to encrypt the data within the block blockchain and that is that there is an input the hashing function sh 256 and two to the power of 256 potential outputs so it’s almost impossible to guess the input and so we can communicate freely and protect our

Monetary data within the Bitcoin Network Bitcoin uses cryptography as both an attack vector and a defense as a symbiotic pair within the Bitcoin Network there’s a lot more to learn

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