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Where to buy Bitcoin? I personally use 21bitcoin!

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Best place to back-up your seed-phrase:

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Guest's contact: https://twitter.com/phil_geiger

Summary

Bitcoin is seen as the new global reserve currency due to its fixed supply of 21 million and its decentralized nature. Other cryptocurrencies and fiat currencies are controlled by central authorities, while Bitcoin is not. Bitcoin's core components, such as its fixed supply, censorship resistance, and neutrality, make it valuable and different from other currencies. Unchained, a Bitcoin-focused company, initially supported Ethereum but later dropped it to focus solely on Bitcoin. Bitcoin dominance is expected to increase in the long term, with Bitcoin becoming the base layer of the financial system. Bitcoin's fixed supply and decentralized nature make it a powerful tool for human civilization, solving problems of inflation, wealth inequality, and affordability. Bitcoin mining plays a crucial role in energy production, allowing for the monetization of excess or wasted energy. Bitcoin changes incentives and behaviors by incentivizing cooperation, capital accumulation, and collaboration. It brings truth to the value generated and provided to others. Bitcoin incentivizes savings, which is crucial for the environment and reduces unnecessary consumption. Self-custody is important for securing Bitcoin, and multi-signature wallets provide redundancy and protection against single points of failure. Unchained is dedicated to promoting self-custody and has helped secure over 90,000 Bitcoin with over 12,000 keys. Bitcoin ETFs pose a higher risk due to centralization. Phil Geiger can be reached on Twitter (@Phil_Geiger) or via email at [email protected]

Takeaways

Bitcoin is considered the new global reserve currency due to its fixed supply and decentralized nature.

Bitcoin's core components, such as its fixed supply, censorship resistance, and neutrality, make it valuable and different from other currencies.

Unchained, a Bitcoin-focused company, dropped support for Ethereum to solely focus on Bitcoin.

Bitcoin dominance is expected to increase in the long term, with Bitcoin becoming the base layer of the financial system.

Bitcoin's fixed supply and decentralized nature make it a powerful tool for solving problems of inflation, wealth inequality, and affordability.

Bitcoin mining plays a crucial role in energy production, allowing for the monetization of excess or wasted energy. Bitcoin changes incentives and behaviors by incentivizing cooperation, capital accumulation, and collaboration.

Bitcoin brings truth to the value generated and provided to others.

Bitcoin incentivizes savings, which is crucial for the environment and reduces unnecessary consumption.

Chapters

00:00 Introduction and Bitcoin's Focus

06:59 Bitcoin's Potential as the Global Reserve Currency

13:17 Bitcoin's Dominance in the Cryptocurrency Market

29:36 Mining: A Critical Tool for Energy Production

31:27 Bitcoin's Environmental Impact

32:31 Bitcoin: Incentives and Human Nature

34:09 Bitcoin: Changing Incentives and Behaviors

35:55 Bitcoin's Impact on Society

39:11 Bitcoin: Incentivizing Savings and Long-Term Thinking

43:49 The Importance of Self-Custody in Bitcoin

50:50 Unchained: Promoting Self-Custody