Miscopy

Tag: Decentralized Currency

  • Bitcoin Explained In Simple Terms by Jack Mallers – Founder of Strike

    Bitcoin Explained In Simple Terms by Jack Mallers – Founder of Strike

    In the YouTube video titled “Jack Mallers Explains What Bitcoin Is In Simple Terms,” Jack Mallers – the founder and CEO of Zap and Strike (apps that enable fast and easy transactions over Bitcoin’s Lightning Network), ELI5 (Explains Like I’m 5) the concept of money as an abstracted form of time and energy, and the importance of having a stable store of value for our collective contributions to society. He contrasts this idea with traditional forms of money, such as paper currency or government-issued money, which can be debased and devalued over time.

    Mallers argues that Bitcoin is the closest we have come to a perfect store of value for our time and energy, as it is decentralized, cannot be debased, and exists outside the control of governments or corporations. He also compares the guarantee and promise of Bitcoin as a fixed money to the guarantee and promise of death, emphasizing the importance of being able to value the present moment.

    When explaining how Bitcoin is different from traditional fiat currency, he ues the concept of time and value. He argues that money is a technology for exchanging labor and energy, and that Bitcoin’s fixed supply allows individuals to truly value their time and energy in the present. The speaker also notes that money has become worse over time, with the shift away from a gold standard, and that people have become accustomed to the broken money system. He emphasizes that Bitcoin is a life-altering technology that allows individuals to store and exchange value in a way that preserves its purchasing power.

    He further discusses the concept of inflation and how it affects people’s lives by debasing the value of their time and energy. He explains that as the value of money decreases, people are required to work longer hours to maintain the same standard of living.

    Mallers argues that this is an insidious and malicious act that steals from the collective populace. He believes that the broken money system is a significant contributor to societal deterioration and that Bitcoin offers a potential solution by providing a more stable and secure way to store, save, and exchange time and energy.

    Jack Mallers was a guest on the Zuby podcast:

  • Satoshi Nakamoto Gives Missing Puzzle Piece to Humanity

    Satoshi Nakamoto Gives Missing Puzzle Piece to Humanity

    The world of cryptocurrency was forever changed in 2008 when a person or group of people operating under the pseudonym Satoshi Nakamoto released a white paper outlining a revolutionary new digital currency called Bitcoin. Since then, the rise of Bitcoin has been nothing short of meteoric, with its value soaring to unprecedented heights and becoming a household name.

    However, the impact of Bitcoin goes beyond its monetary value. Bitcoin has fundamentally changed the way we think about money and has opened up a new world of possibilities for the global economy. But perhaps the most significant impact of Bitcoin has been on human beings themselves.

    In a thought-provoking drawing, we see a man representing Satoshi Nakamoto giving a human being made from puzzle pieces the missing piece on which there is a Bitcoin logo. The image suggests that by giving mankind Bitcoin, Satoshi Nakamoto gave humanity the missing piece that makes people complete.

    What is this missing piece, and how does Bitcoin complete us?

    The answer lies in the way we view money and wealth. Money has always been a symbol of power and influence. The more money one has, the more significant their impact on the world. However, traditional currency is controlled by governments and central banks, making it a political tool that is subject to manipulation and corruption.

    Bitcoin, on the other hand, is entirely decentralized, meaning that it is not controlled by any single entity. It is entirely transparent, secure, and cannot be manipulated or censored. Bitcoin is a truly free market currency, giving every individual the power to control their wealth and financial destiny.

    By giving humanity the power of Bitcoin, Satoshi Nakamoto has empowered every individual to take control of their financial future. For the first time in history, every person has the ability to transact globally without the need for a financial institution or government to oversee their transactions.

    This empowerment has given people a sense of completeness and independence, something that traditional currency could never offer. With Bitcoin, people can achieve financial freedom, something that was previously only available to the wealthy and powerful.

    In conclusion, the drawing of Satoshi Nakamoto giving the missing piece of the puzzle to humanity is a poignant reminder of the impact that Bitcoin has had on the world. It has given humanity the missing piece that makes us complete, empowering us to take control of our financial destiny and achieve financial freedom. Satoshi Nakamoto has given us the key to unlock the true potential of our financial future, and we owe him a debt of gratitude for completing humanity.