Can Bitcoin be bound to your Soul? | BIP39 | Hashpower Academy

Video Transcript:

hello there and welcome to the Hash Power Academy your place to learn anything to do with Bitcoin and the topic of today’s video is how your Bitcoin can become soulbound connected to you in a way that’s completely different than any other asset possible that is to say that you can memorize your Bitcoin in your mind why well originally we have very long private keys that if someone could remember a private key well props to them but to the everyday person that’s not really possible it needs to be more refined and simple a better human interface for their relationship with this planetary money of the future and this is where BIP 39 comes in i’m not going to go too much into the particular steps as to how a long private key gets converted into 12 words but it’s the importance of that human interface that a person can memorize said words write said words as a much better way of managing a much larger piece of information that accesses said wallet and and allows you to spend that energy so here’s the thing bip 39 allowing you and empowering you to potentially make that choice to try and memorize your Bitcoin in your mind don’t forget those 12 words well this is where it gets interesting and the dream that the pharaohs could have potentially had to try and do such a thing because historically the pharaohs of Egypt they were buried when they passed away with everything they had all their riches and food and potentially their animals and even slaves as well they were their servants they were buried with everything and they were trying to take it with them to the next place and with Bitcoin you can do that we hope potentially and how could that potentially be possible how could you prove that you could take Bitcoin to the afterlife well interestingly enough there there is uh if you uh I don’t want to say Google it but there is the uh past life regressions aspect of things where there’s these kids that me remember things of a previous life so it truly gets proven that you can take your Bitcoin with you to the next place where the experience of death and life is truly the same part of the cycle that if a child in the future and they have these children that remember things of some previous life past life regressions that one day if a child were to just remember the 12 words of a previous Bitcoin owner from the soul being in a different body and they remembered intrinsically these 12 words and were able to spend the Bitcoin from a previous person’s life that they went to the grave with said Bitcoin that would prove it and that would prove that that yeah that’s a whole rabbit hole but the aspect of being able to preserve said 12 words in your mind I think is quite powerful you can escape war if you try and escape a place that’s collecting resources in every shape or form particularly in money to fund said war effort and people are fleeing that they’re able to preserve their their time their energy their work their money in their mind and escape war write them down generate their private key and spend said time and energy that they preserve so that that that human interface to Bitcoin is very important and it’s going to develop over time and yeah I think that the timeless nature of Bitcoin as well is even more important the Oh sorry i’m still thinking of past life regression now it it Yeah if one day a child remembers or even other people if they remember something of the past and 12 words and it unlocks this large wallet of Bitcoin or even Satoshi’s wallet maybe maybe he memorized a certain way of accessing said Bitcoin and his soul goes into somebody and they remember and unlock a million Bitcoin that would be interesting thank you for listening i hope you enjoy and I will see you in the next video