Channel: Luke Smith

Category: Science & Technology

Tags: digitaltrustlessprivatefinancialscarcitydecentralizedtechnologystore of valuebtcgoldopen sourcesystempricefungiblemoneroxmrvaluebitcoinfinance

Description: Responding to a real life question, why should Bitcoin be valuable at all? Doesn't it "not do anything?" Here I discuss the ramifications of a digitally-based world financial system and what it means for bitcoin price. Bitcoin can not only be used as a store of value to replace gold, but can be used to write higher-level applications on it to make trustless and peer-to-peer financial derivatives, which could soak up obscene amounts of the financial soystem. The market cap of Bitcoin has astronomical potential, and owning bitcoin means having a permanent share of this system on the ground level. My website: lukesmith.xyz Get all my videos off YouTube: videos.lukesmith.xyz or Odysee: odysee.com/$/invite/@Luke:7 Please donate: donate.lukesmith.xyz BTC: bc1qw5w6pxsk3aj324tmqrhhpmpfprxcfxe6qhetuv XMR: 48jewbtxe4jU3MnzJFjTs3gVFWh2nRrAMWdUuUd7Ubo375LL4SjLTnMRKBrXburvEh38QSNLrJy3EateykVCypnm6gcT9bh OR affiliate links to things l use: vultr.com/?ref=8384069-6G Get a VPS and host a website or server for anything else. epik.com/?affid=we2ro7sa6 Get a cheap and reliable domain name with Epik.