The Truth About Bitcoin

The Truth About Bitcoin

Stefan Molyneux looks at the rise of Bitcoin and discusses its history, mining, fees, altcoins, regulatory hypocrisy, worldwide awareness, comparisons to gold, anonymous transactions, possible government attacks and what the future holds for the decentralized cryptocurrency.

Bitcoin Address: 1Fd8RuZqJNG4v56rPD1v6rgYptwnHeJRWs
Litecoin Address: Lbxr3M8oezWaguEBc35MoyvQT88C85Sqpi

The True Value of Bitcoin: What You Really Need To Know

Bitcoin vs. Gold: The Future of Money – Peter Schiff Debates Stefan Molyneux

Bitcoin Whitepaper by Satoshi Nakamoto

0:00 How the ruling class controls human livestock.
1:35 How Bitcoin works
8:47 What is money? Is Bitcoin money? (come on, what do you *think* the answer is? 🙂 )
15:04 Demographics
19:47 Why Bitcoin is better than predecessors
26:54 History (skip here to hear him say “Satoshi” funny)
28:50 Purchasing power of government-issued money going down
40:03 Bitcoin’s future popularity
42:15 Big Banks and Big Government hate Bitcoin!
45:00 Not anonymous by default but can be if you want it

A very special thanks to Kristov Atlas, author of the upcoming comprehensive guide to bitcoin anonymity, for his assistance with this presentation. Get the latest updates on his book at:

This video is for information and illustrative purposes only and is not, and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action.

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A Poster says:

Based on nothing….the ultimate fiat currency. Mining? What a joke.
What happens when the internet goes down? And it will.

A Poster says:

Everything sounds great until someone hacks the net and destroys the bitcoin. Network. It will happen and when it does I'll be sitting on precious metals that are hack proof. This bubble will burst.

Robert Hubbard says:

Lets say the world has gone to shit and we both have empty bellies. I have a whole wagon load of food and you have a gold bar, well you are gonna walk away carrying your heavy rock, with an empty belly. I am not interested in your shiny rocks, nor am i interested in your monopoly money either.

Robert Hubbard says:

When the world collapses, your crypto will no longer exist, gold and silver and the such will again, just become rocks, and the only thing that will matter is a full belly. You go ahead and give your hard earned money away in the latest money grab scheme and when the bottom falls out, which it will, it always does, some rich asshole will be that much richer. I invest in steel and lead.


never saw this video, just another proof that you know what you talk about, to bad that i did not watch you back then, i would be rich now

Christian McNally says:

Just to add about a bitcoins tangability on a hard drive, each coin has a code you could actually write down

soulspeaker1979 says:

Haven't the systemic banks and investors already adopted the bitcoin and it's value influxes already?
I'm justust a economic noob so please correct me

Z kid says:

RIPPLE Codius and XRP will reign as the king of smart contract blockchains and cryptos

Maunster! says:

The best investment is to invest in one's self in order to prosper regardless of what the favoured currencies are during your lifetime.

Sal De'Friez says:

Just going to add the obligatory wish I watched this in 2013 comment.

kostadinof says:

da f*ck!!! I wish had watched this …. even 1 year earlier 🙁

uppercaset12345 says:

Watching this video in 2018 and wishing I watched this in 2013.

Jabez Chronicler says:

Digits in cyberspace.. no intrinsic value whatsoever. If you can't hold it you sure as hell can't own it ! Try trading numbers on a screen for tangible goods when the grid collapses and see how far that gets you. Bitcoin is just another (and far more insidious) Ponzi scheme backed up by a great big digital pulse wave of ZEROES.

Damian says:

Wish I would have watched and bought btc when this was posted! Shit!

vaxo gulua says:

its 2018 and i wanna kill myself because i didnt watch this video back in 2013

june says:

no one has seen the guy who started who really is has started this. japan using the worlds computers to get a hold of money. you lose bitcoin you cant not get it worrys me .useing all these computers.

valeria liu says:

For anyone who is interested in the link:
I have tried to get those free SBTC coins using exchanges,
but my coins where on another exchange site.

binaryflat says:

Good going Mr. Molyneux! The problem with us here in the States, is that when we get slapped awake, we go right back to sleep. By the time we awaken for good (I'm afraid) it may be too late. Most peoples eyes glaze over when we talk about this stuff. There is no Uncle Sam.There is no Uncle Sam.

Marc-André Brunet says:

Merci from Montréal M.Molyneux

I have okay content says:

ZCash is much easier to mine

Ken Semotiuk says:

Quick quick 🐑 people buy more bitcoin before it goes down in price again!

PaterTenebrarum1 says:

The pound has lost 99.6% of its value I believe. That is actually a considerable difference.

grayeagle says:

Why are you mocking what Grassley did and said. He was right then and he is still right today as he is looking squarely on Hillary now and then too (The CF was the primary entity in the HSBC Bank fraud/money laundering activities.

Fish King says:

Save up precious metals, universal currency has always been a goal of the globalist.
You already see it all around people putting computer chips it in their body
That’s very well could be the Mark of the beast

Alex Obed says:

Man, you called it!!!!!!

JD Brandenburg says:

I have to save per year $700-800 to buy one bit coin ! Wow. In 4 years I could have 4 coins!

JD Brandenburg says:

Those who (dare) give you a "thumbs-down" have no (thinking) brains.

Yes CB4 says:

You left this one out.
To fulfill its various functions, money must have certain properties (1 is):
Stability of value: its value should not fluctuate. -> I argue Crypto Currencies re not there yet.

Yes CB4 says:

USD can be used to pay your taxes.

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