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Video Transcript:

Video Transcript:

Hello there and welcome to the Hash Power Academy, your place to learn anything to do with Bitcoin. The topic of today’s video starts with a very important message. There is only one native Bitcoin yield and that is producing freshly mined blocks. Everything to do with the discussion of layer 2s which operate on top of the blockchain or even the layer 1 being this most fundamental discussion of how we add blocks to the chain the native issuance and settlement of transactions and creation of that last million bitcoin 1.1 million bitcoin to be mined and also we can include side chains into this so that interoperability that all these different new developments on top of bitcoin’s blockchain is going to have in the future. These are critical and the discussion behind it is of course native Bitcoin yield ways of creating cash flows whether it’s within Bitcoin or fiat cash flows which are converted into Bitcoin in the context of Michael Sailor. So what we’re going to discuss here is yes, Bitcoin mining is the most native intrinsic way of creating Bitcoin yield. But the struggle here is that there are particular chains and marketing communications discussing some way of creating natural Bitcoin yields, which is some form of wrapped, staked, pegged version of cash flows in a quantity of SAT that’s not natively BTC. Why? Well, I’ll take the example of lightning to begin with. We’ll discuss a few other chains as well. Lightning is multi-IG channels, which is you use the layer 1 blockchain to connect Bitcoin in channels with other people. And so the Bitcoin sits in the layer one because it never moves. But the layer 2 is this sort of transactional relationship that you have with another entity in this upper layer. and the lightning network. Think of the way that lightning sort of hits the ground. It’s finding the shortest path to strike the ground by using the least amount of energy. It’s almost like how water flows down a hill. Now, what it’s doing is finding that path of least resistance through the lightning network to allow your funds to move through the network in the cheapest way possible, quickest way possible. And there’s some few failures in there of invoices not working or the payment fully not rooting to who you’re trying to send it to. So the nativity aspect there is that there are yield sources particularly with lightning which is running a lightning node but it’s very nominal amounts because there’s different payments being rooted through your node and maybe you’re collecting a small fee. So that is the closest layer two way of creating yield but it’s so nominal in comparison to other ways of creating bitcoin yield. The next one I will discuss is liquid which is a federation and it’s a side chain and they have their own address format. So there’s no native aspect of yield in this. There is probably products, market, services being built within the liquid ecosystem which you can earn their wrapped version of Bitcoin and peg it back out into Bitcoin. So there’s ways of creating yield or accessing different things that create yield, but it’s not native. It’s not natural. Where should we go to next? Botanics. This is a new form of EVM layer 2, which is right here. And EVM is that translation across from Ethereum and the all different aspects related to complexities of transactions and a virtual machine which there is going to be ways of DAPs and different tokens and all other different things being built in that higher layer which will create yield but again it’s not native for the particular reason that the Bitcoin that you may earn in that layer two is not in the same address format of Bitcoin’s layer one. Not native, not really yield. It’s external yield sources. It’s the biggest question and the biggest failure in the dangers of several years going back into all different projects that tried to create Bitcoin yield, which is they blew up because the true question to ask is what is your yield source? Where should we go to next? Sequentia. This is an interesting one that I’ve just recently learned about. And Sequentia is essentially a side chain. So it has communication with liquid and lightning, but also that communication with layer 1, which they uniquely have, which is they have the same address format as Bitcoin’s layer 1. Now the reason why I was looking at these particular projects is because um well I’m developing my own form of platform which allows people access into Bitcoin mining in a very accessible way. And the biggest struggle that I have is I have freshly mined Bitcoin from Bitcoin mining coming out in the layer one. Bitcoin’s blockchain freshly mined. I have to distribute that to all the different users and owners of the hash rate. And what that means is if I used any form of layer 2 or side chain or anything EVM, I have to wrap, stake, tokenize the Bitcoin into their particular ecosystem to distribute and account all of the different payouts of Bitcoin to those users. Now, I don’t want those potential vulnerabilities in the process. I’d like to distribute out to layer 1 wallets. So the closest one is actually sequential but the the long-term path to putting hash rate on chain in that sort of way is quite a challenge and quite an interesting journey for me to delve into. Um but yeah the overall gist of this particular video is to just explore that idea that yes there is going to be different communications out there from different projects talking about Bitcoin yield because traditional finance is trying to create cash flows of Bitcoin. People loan against their Bitcoin to access cash. It’s not creation of cash flows from some form of external yield source, but even lending Bitcoin to create some small amount of interest as well. There’s people taking all different risks and trying to gain different reward rewards because we have this asset which does have a compound annual growth rate that people quote at say 30% a year, but it’s volatile as well. So everything has their tradeoffs. Yeah, this is a an interesting sort of video to to explore these different ideas because of all the different subject areas of energy, electricity, mining, hash rate, the blockchain and Bitcoin. The blockchain is the particular one that uh if I was to say which one I haven’t studied the most, it would be the nittygritty deep diving into the code side of things and all the different op codes. And yeah, the path for me is to to learn about them as well and be on that educational journey also. And well, what I learn I will pass on to you. Thank you for listening and I will see you in the next video. Goodbye.

Video Transcript:

Accretive dilution. Something that traditional finance uses as an explanation for doing merger and acquisition of companies to increase the amount of earnings per share for your shareholders. But Micro Strategy, Michael Sailor has very much uh brought new life to this explanation of issuing more shares at one price, the market price, and buying more Bitcoin with that to drive the amount of Bitcoin per share up over time and drive long-term value into his company. Now, interestingly enough, Bitcoin in of itself has its own form of accretive dilution. This is the word used associated to the dilution of shareholders to give them accreatively more value. Now when it comes to Bitcoin’s version of accreative dilution, it works in a bit of a different way. There is continually more Bitcoin miners joining the network fighting for one of the 144 slices of the Bitcoin cake available per day, otherwise known as the 455 Bitcoin distributed in 144 blocks per day. Now, when the price goes up, there’s even more incentive for more miners to plug in online and capture this revenue, which increases it from about 144 a day to an even greater level. And so what the network does is it has a difficulty adjustment which reconstrains and raises difficulty to make sure there is only about 144 blocks being found per day aka one block roughly every 10 minutes. And so what you’re having is this effect of more miners earning from this 455 bitcoin. So they are effectively diluting themselves. But the accretive part is this that if 10% more hash rate comes online, it represents potentially 10% more energy being consumed in the network as well. So the electron value of Bitcoin has gone up another 2,000 megaww in this 10% increase example. So accretively, the Bitcoin has gained more value being repriced against more energy. The value mechanism of Bitcoin is its production cost and its exchange rate with electricity because the exchange rate goes both ways. It’s not just consume energy to produce Bitcoin, but potentially selling energy to buy Bitcoin. Now on the micro strategy side of things, it gets a little bit interesting because what I’m explaining here is that Bitcoin has a production flaw and that represents its own form of value mechanism versus the Bitcoin to dollar price. Now, if the Bitcoin to dollar price is recognized as the value of Micro Strategy shares, it essentially means that the Bitcoin per kilowatt hour production floor average, let’s say it’s 50%. It’s actually less, but Bitcoin per kilowatt hour. And if we applied it to this price chart, that’s per Micro Strategy share. So what if people viewed Micro Strategy shares not for their underlying Bitcoin per share, but actually the value and exchange rate of Bitcoin to electricity being a true fundamental value of these shares because it’s how much energy you can buy with your Bitcoin. Uhund 27.5. So this is a way of perceiving essentially the underlying value of Bitcoin which is recognized in Micro Strategy shares um as the price of Bitcoin as the shares value. I’m giving you another fundamental layer which is essentially the energy value of these shares. Now the reason why I would use this as a new perspective on looking at the sort of accretive dilution nature is that when the bull market takes off if the production floor for Bitcoin is about 60,000 and the price is hovering 20,000 the price was to double production floor would still not be able to catch up. So it would be now 25%. So the way that people treat the difference between the share prices and Bitcoin per share and the gap between these two, if the price of the shares gets too high, essentially the shares are trading at a massive premium to their underlying Bitcoin value that you can assimulate the comparison between the Bitcoin price and yes, I’ve got it in a chart for Micro Strategy pricing, but you can you can work with me here. Bitcoin to dollar and Bitcoin to kilowatt hour as a value mechanism that truly in the peak of the bull market the ability for these shares to drop is people observing that the share price could drop one to one par is the worst case scenario but Bitcoin can drop to one to one par of its production floor so potentially Bitcoin’s production cost could be a true value metric underneath the price of Bitcoin. underneath the price of Micro Strategy shares. So, it’s just another interesting way to view the production cost of Bitcoin as a value exchange rate from the physical world because with finance being focused on finance, they can get a little bit disconnected from the reality of the world sometimes aka 2008. So yes, an interesting other way of viewing Bitcoin’s accretive dilution properties of the miners diluting their own revenue, but their revenue being priced against their energy use and that being the assigned value mechanism of their exchange rate of electricity to produce Bitcoin that can go both ways in our future world of building Bitcoin electricity grids where all the different homes can trade energy and money interchangeably through compute power. Thank you for listening. I hope you enjoyed this other perspective. There is obviously going to be multipliers that you can apply to these different levels and interesting ways to model out the long-term value of these companies along with all the other Bitcoin Treasury stocks that will come. See you next time. Goodbye.

Video Transcript:

Hello there and welcome to the Hash Power Academy, your place to learn anything to do with Bitcoin. The topic of today’s video is going to be comparing Bitcoin to memecoins. If you are a returning viewer, you know where I’m going to go with this video. If you are new here, you love your meme coins, you want to learn something new, you want to go into a few interesting topics about what’s going to come for memecoins, I’ll give you that sad reality. It’s done. dead fenito. Why? Well, one person, one person only. Good old Mr. Trump, Mr. Orange Man with his orange coin. And the reason for that is everything to do with Bitcoin. There is aspects of speculation that is the price and supply and demand and what what’s happening in the news used to be quite a thing that created price action when it came to Bitcoin. But everything to do with meme coins is absolute price speculation. The flood of people rushing into something, the pumping of it going up and the game of musical chairs trying to get out. And that was a very interesting quote that I read from a person that’s very famous on the Bitcoin side of things named Samson Mau. He had this very interesting quote and I think you’ll agree. He said that everyone in the crypto industry is trying to sell before everyone else, get out and cash out, and everyone in the Bitcoin industry, they’re trying to buy before everyone else. Can you understand the psych psychological difference between those two? And the key takeaway here is that with the speculation aspects of different meme coins, it’s gambling. It’s playing musical chairs and the peak is already behind us because how much bigger of a memecoin can you get than the president of the free world launching a memecoin it pumping to multi-billion dollar market cap in terms of its valuation on paper on his presidential inauguration. It doesn’t get any bigger than that. And it when it comes to price and speculation. And so I’ll just bring it back down to this one is to the why. Why are you trading meme coins? Do you enjoy it? Is it fun? And the the gambling aspect of that is just going to punish most people because you’ve got to see that these tokens are spun up at the cost of nothing. That’s the entirety of pump.f fun. just spun up labels and rappers and pictures that money of other different assets floods into to raise the price up and someone’s just extracting out the money underneath. That’s it. And the danger there is, yes, you may be the one that sold on top of everyone else and cashed out other people’s money because it’s all a zero- sum game. Now the reason it’s a zero- sum game is because the wealth is inextricably linked to just two particular digital assets like USDT or Salana flooding in to buy it and repric against other people’s dollars and Salana and other things flooding in and taking it. And the difference there in comparison to Bitcoin is that Bitcoin has this exchange rate with electricity. And the outflow of that in thermodynamic terms, yes, gets released as heat from the Bitcoin miners underneath that are producing Bitcoin. But what’s happening is it’s getting repriced against energy as well. So there is this very natural circular economy that Bitcoin has between the digital and physical worlds. The difference there when comparing Bitcoin and its physical cost to produce, building a production floor and creating an asset that’s yes, fixed in supply, but grows in value over time when compared to the growing economy underneath. In comparison to memecoins, which are a flood of money into a picture, a face, a name, a story that was spun up last last night by an insider group handing out the early amount to their friends before flooding in people that don’t know any better. It’s really sort of it can be upsetting because there’s an endless amount of suffering of people burning themselves with bad experiences with digital assets and then they may not necessarily delve any further because they got burnt. And the two other aspects here are as to why don’t people try Bitcoin first? It may seem boring, but there’s an aspect of proof of work that you need to do. Here at the Hash Power Academy, we teach all the different maths and physics fundamentals of Bitcoin. If that’s of interest to you, which to many that might not be, but if it isn’t of interest to you, you can get yourself ahead with intellect, with learning, learning knowledge and advancing yourself in a way that allows you to get ahead of others in the society that is completely in structure of who can get ahead based on intellect and how much you apply yourself in terms of your work. because there’s working hard, there’s working smart, and the combination of the two is the perfect mix. And that’s truly the important aspect here. The that a many people miss out on Bitcoin because they feel, oh, it’s too big, one whole coin, too much. That’s a unit bias. You can buy a tiny fractional amount of Bitcoin and you are preserving the same amount of relative wealth over time. And people holding lots of Bitcoin eventually they will pass away and it will redistribute to those that are not. That’s just being old versus young. Your grandparents typically have a lot more stuff than you do. And the other aspect here is that getting ahead in a world of debt based money. This is the reason why Bitcoin appeared and then this stuff became the the crazy story afterwards that we live in a world where salaries are very much flat over time versus the cost of houses and the cost of living absolutely taking off. It’s a problem with our central banking system flooding the world with units that buy your time and energy. You sign a contract to earn x amount per hour. So your valuable time will pay you this amount per hour, this quantity of dollars or pounds, euros, yen, pesos, whichever it is. And if the government can just print these units, your time and energy is being taken through inflation, tax, interest, you name it. And so this is where the whole Bitcoin journey began. It’s a way of people being able to preserve their wealth in an asset that’s priced against electricity, which is extremely important to society. Now, everything about our world is becoming electrified. Just look at what Elon’s doing. And on the other side of that, we’ve got this I don’t even know what word to apply to it. I just I just believe it’s hype, speculation, short stories, tokens that come from zero go back to zero, and in the journey you redistributed your wealth to someone else that got rich and they seem to spend it and burn through it just as quickly. that doesn’t build a progressive society that helps to nurture society in a direction that’s more prosperous versus Bitcoin that is people going out there in the world and trying to find cheap energy where it’s wasted in excess and they will capture that to secure the network and issue new units which have an alignment to important things in our physical world because This is the other thing about say people of a younger age and I’m actually Gen Z somehow right on the cusp before millennial that um we we’ve grown up in a completely digital way that all of our generations before us didn’t that we are the kids of the internet so to speak and of of the true sort of web two web three stages of the internet I might add and we are so digital that we may have this abstraction and disconnection from the physical world. Not all of us, but a large majority of people of a younger age. We there is just psychological disconnects that some have with the physical world, a sort of pinching of is this real sort of thing because we spend so much time online. It’s a completely different universe. uh that the the way that for example I spent many years playing Minecraft as a good example and yeah meme coins being the very much difference between finding rare gems and not but you know what I think I’ll leave it there. Thank you for listening to this video. If it helps you open up a new way of going you know what I think I’ll give Bitcoin a go. I think I’ll make the effort to learn more about it and maybe not try and get ahead with hype and speculation, but get ahead with academic intellect and proof of work of learning. Going on that journey to really understand it because there’s a lot of education out there and it’s all typically free. Thank you for listening. I hope you enjoyed and I will potentially see you in the next video. to buy.

Video Transcript:

Hello there and welcome to the HashPower Academy. This is a different sort of video, but I would say it’s even more important. I’m looking for your feedback. A couple of months ago, YouTube demonetized the Hashpower Academy account and uh not a single video flagged, no warnings, no nothing. The only video I made was the corporations want your Bitcoin and that was the day that it was demonetized. I don’t think that’s related to it. But the the key aspect here is they banned the AdSense account. Um, demonetized the YouTube account. I appealed and got the you the YouTube account remonetized, but they refused to let me connect it to a new AdSense account. So, it’s still demonetized. Now, all I did with the AdSense account was create the account, connect it to the YouTube. I didn’t even receive the the pin in the post and uh they closed the account. I don’t know why. If someone from Google or YouTube or you’ve got a girlfriend or a boyfriend that works there, help me find it. Figure it out because it does not make sense. But we move on to the positives. looking for your feedback in terms of the different things that you would like to see on the academy in terms of content or product market services uh which I’ve already started putting some affiliate links in the descriptions because if this academy has helped inspire you to learn more about the Bitcoin network inspired you to want to run your own node get your own mini miner wallets and all these sorts of things if you want those sorts of products markets and services I’m going to continually reach out to all different vendors that provide these within industry and that strength of the network of if I send them your way there’s an an affiliate income on the side that just helps me justify the continual effort of endless videos that I want to produce but they cost time and energy and thus money is needed. So on the academy side of things, one of the things that people have requested initially um is a paid course and that is something that’s to be defined of a price and I the the design idea for a course from my eyes is something that’s timeless and the big picture basics is a free course currently on the hash power academy and this paid course idea if you’re interested please let me know is to scale that to a whole different level uh one-on-one or even group workshops and all different pieces, different uh documents and materials alongside the course. Just just a multiaceted course that delves into every sector of the Bitcoin network, past, present, future, storytelling, the math, the physics, the finance, and obviously a lot of unique value ad. There’ll still be a continual amount of free education, but the paid course helps financialize and grow the academy to the much larger scale of the ecosystem that’s been in development for many years. And on the ecosystem side of things, you’ll also see a link to the platform. We’re developing this fractional share aspect for Bitcoin mining which is most important to allow access into mining because if one machine one ASIC is5 to $10,000 how does 90% of the world afford to get into mining let alone learn about it because there’s no economic incentive to get into the mining side. And so there’s a path to helping people get into hosted mining in fractional fungeible amounts and it builds something even bigger. But everything starts with education. So again, I’m looking for your feedback and whether you are looking personally for a paid type course. What you’re willing to pay for such a thing, the value ad of all the different content that you’ve learned so far, the the direction for me is to get some clarity on what the largest majority of viewers want and need and just home run focus on that particular niche alongside creating videos and on the business side as well. Thank you for listening. If you listen this far, it truly means that you care about all this stuff. So, send me a message. Contact [email protected]. Um, yeah. Or drop a comment below. I’m looking for your thoughts, questions, queries, feedback, likes, subscribes, and all that fun stuff. I will see you in the next video. Goodbye.