One Way Ratchet

10 Things You Need To Know About Bitcoin #1: The Money Printer | 013


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Dan and Trent launch 1st of 10 part series for people new to Bitcoin.

Part 1: The Money Printer

  • Meet Trent!
  • Brief intro into why we are doing this
  • Mo Money Mo Problems
  • Basic thesis statement: human beings with a money printer will use it - and never stop
  • Picture if you had a money printer.  Would you use it?
  • Basic human incentives. Politicians never want to give up proximity to money machine
  • Money supply grown over 20x since 1971 - view chart
  • We used to be on a gold standard for hundred of year - and society flourished
  • Everything changed in 1971 when Nixon took US off the gold standard
  • Todays's song: Mo Money Mo Problems by Notorious B.I.G. 
...more
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