Red Pill Finance TV

It is all well and good making a nice gain over a few months, but what does that mean? Does it change your life? Can you quit your job. This podcast goes deeper in to the true meaning of Bitcoin and what is stands for and why we should appreciate the long-term over the short-term #btc

Bitcoin is decentralised and deflationary - the most important traits that it has, which makes it polar opposide from centralised and inflationary fiat money - as the name suggests, "central" bank.

Often we think we have missed the train after seeing what we think are so many people having got on it already, or in other words, having witnessed the extraordinary increases and numerous all time highs. But to the general public, we are still very early days with Bitcoin.

There were several aspects in the bull-run year of 2017 that kind of left a taint on cryptocurrencies and skepticism to some. This goes over what contributed to such a year and why it may be a different story this time round.

Central banks have recently bashed on Bitcoin on its use for illicit activities. But is it actually the cryptocurrency they should be focussing on? Are the majority of illicit activities not done using cash - the very same cash that they issue / print? Should great technology that is good for finance and the world be hindered by their inability and lack of real understanding in cryptos?

It is still very early days and education of digital assets is very important for wider adoption. When something new that can change the landscape significantly and the way we do things, it often starts off with getting scrutinised and questioned. Therefore it is important to have your own judgements and research and understanding. This episode aims to give the "basics" of what Bitcoin is about and most relateable to.

The inception of Bitcoin with the message inscribed in the genesis block  with: "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" by Satoshi Nakamoto.