CryptoValley Podcast

On this episode, RK talks about the difference between inflation and deflation. He also discusses the types of environments in an economy and how inflation and deflation can be seen as a good or a bad aspect.

This is a very simplified intro on how you can get exposure to bitcoin. If you require support or have additional questions, please feel free to send us an email to [email protected]

On this episode, RK discusses ways how you can obtain bitcoin and store it safely.

This is a very simplified intro on how you can get exposure to bitcoin. If you require support or have additional questions, please feel free to send us an email to [email protected]

On this episode RK talks about several topics that put the fundamentals of our current economy in question. He uses parallels and compares the economy to nature and also explores how bitcoin can be a solution.

We always appreciate feedback, so feel free to send us an email to [email protected]

On this Episode, RK breaks down the question that very few people deal with when they measure goods and services using money, which is why does money have to be scarce?

We always appreciate feedback, so feel free to send us an email to [email protected]

On this Episode, RK digs into the subject of bitcoin and how it changes money as we know it today and how it compares to other inflation resistant assets that are available.

We always appreciate feedback, so feel free to send us an email to [email protected]

The scarcity aspect of Bitcoin

the supply schedule of Bitcoin and why it is not just scarce but more importantly transparently scarce.

The scarcity of Bitcoin is programmed in its protocol and cannot be changed

The scarcity of bitcoin was artificial but then became decentralized

Because of its public nature, everyone knows about the supply schedule of bitcoin

The supply of bitcoin is outside of anyone’s control including the government

Compared to gold, the scarce aspect of bitcoin is 100% scheduled and fixed whereas the supply of gold is variable and unpredictable

Check out the stock to flow chart of bitcoin:

https://www.lookintobitcoin.com/charts/stock-to-flow-model/

We always appreciate feedback, so feel free to send us an email to [email protected]

So what is Bitcoin practically?

A fungible, durable, digitally recognizable, highly divisible, internationally transferable, open source, peer to peer, decentralized, permission less, trustless, censorship resistant, borderless, most secure, and transparently hard capped scarce digital asset.

Part 2: Durability, recognizability, fungibility, divisibility, peer-to-peer

It is as durable as the internet because for it to not be durable, its entire network and market participants would have to turn off their computers.

You can recognize that a bitcoin is real if your transaction gets successfully validated and credited into a digital wallet by the network because there is only one bitcoin network existing

This also makes bitcoin fungible (or interchangeable) because as long as you receive a valid transaction, you can interchange your coin with another coin as long

A so-called satoshi is the smallest unit of a bitcoin, equivalent to 100 millionth of a bitcoin, which is the 8th decimal place of a coin. (divisible)

It is peer-to-peer, which means that I do not need to trust any intermediary like a bank to make a transaction. I can directly send money from one wallet to another wallet

This also means that I do not have to be a person or someone old enough to have access to money

You also don’t have to have documents to access your coins (not subject to KYC), which makes bitcoin a complete permission less currency

There are no “business-” or “working-hours” with bitcoin. The network just keeps working 24/7 and validates transactions.

We always appreciate feedback, so feel free to send us an email to [email protected]

So what is Bitcoin practically?

A fungible, durable, digitally recognizable, highly divisible, internationally transferable, open source, peer to peer, decentralized, permission less, trustless, censorship resistant, borderless, most secure, and transparently hard capped scarce digital asset.

In other words: Bitcoin is gold, but way better.

The decentralized nature of Bitcoin:

The ledger of the debits and credit entries of Bitcoin are public (open source) and it is transacted on a decentralized network just like the internet but with a small catch: Its nature eliminates the possibility to counterfeit or copy any data

Because Bitcoin is decentralized there is also:

no single point to attack bitcoin (you can theoretically only cheat the network if your computer has more computer power than the entire network, which is impossible).

no need to trust any ONE person or company for it to work (trustless)

The fact that your transaction cannot be censored because there is no ONE person or company in charge makes Bitcoin censorship-resistant.

Bitcoin is borderless because it doesn’t need to rely on any specific jurisdiction, location or government to work, which also makes it extremely easy to transfer compared to transferring physical gold.

The rules in the protocol of bitcoin states that there will only be 21 million bitcoins ever and since no ONE group or person is in charge and the network in decentralized, the number of total bitcoins cannot be changed, which makes bitcoin a very scarce asset.

We always appreciate feedback, so feel free to send us an email to [email protected]

What is happening?

The banked

Relatively stable currencies and the luxury of access to investments, foreign exchange and bank accounts

Enjoy freedom of speech and no big inflation as well as a balanced right between gender

The unbanked

According to official statistics, there are about 2 billion underbanked households in the world, and the top underbanked countries are China and India

In 2018, workers and refugees sent nearly 700$ billion across borders to their families and paid a total 45$ billion in fees for exchanging and commissions

In Afghanistan and Saudi Arabia, Women are not allowed to open bank accounts

The only private life-line of money (Cash) is disappearing

In modern economies “only” because of convenience

In poor countries because of hyperinflation and worthless papers that are now too heavy to carry

Estimation: currently 8% of cash transactions and by 2030 it should go to near zero

Why is this happening? What are the motivations behind this?

Centralised systems with control under a few people

Human nature: Greed if too much power

Geopolitical reasons to compete with other nations prices

To enrich a few people at the cost of the mass

The speech at the end of this show is a short version from Andreas Antonopoulos' talk titled "universal access to basic finance": https://www.youtube.com/watch?v=Pkgo05Hdnfgandt=7s (https://www.youtube.com/watch?v=Pkgo05Hdnfgandt=7s)

We always appreciate feedback, so feel free to send us an email to [email protected]

On this episode, RK goes through the transition of paper money to electronic or plastic money and all its consequences for money as we know it today.

We mainly discuss how paper money (or cash) makes now only 10% of the money in circulation

How this new electronic money enslaves people’s privacy and how companies profit by selling your data to marketing platforms

How the electronic banking network works (SWIFT or SEPA) (very basic)

How payments have evolved to a totally banking network dependent system

How “nano banks” are trying to “disrupt” banking

We always appreciate feedback, so feel free to send us an email to [email protected]