Last attempt to get some views..

For many you might just want to jump straight to video 2.. My first one is an introduction and might not be quite as good as the other 2.. Takes a while to get into the groove..

You don't love money.. You love the things that the money gets you...

What the phrase is trying to teach is that YOU DO NOT LOVE MONEY.. Money is an inanimate object. It is a lesson on seeing through the bullcrap that the state tries to brainwash you with.. Chasing money.... And after a while you forget what the money was for in the first place.

Enjoying life. Bettering yourself and others.. Using the TOOL that money is.. You don't love your shovel.. You love the house you built with it. You don't love your hammer, you love the fact that you were able to put a roof on your neighbors house after a storm.

For the love of money-- is a warning.

And before you go launching into some diatribe about this being communist or socialist.. I AM ONLY TALKING ABOUT THE SHOVEL...

With a shovel you can dig a hole and help build yourself or your neighbor a house.. You can dig for gold. You can give it away to someone else if they give you a small part of whatever great thing they were going to do with it..

But you can't get anything if you just fucking sit on the shovel. You have to work with it to get the reward..

OR.. You can just bash your neighbor over the head with it and take their shit(@WAR)...

Thank you first for taking the time..

In my first video my example of the double spend economy as it is used today was the idea of a check book... Simply put.

I have 500 dollars in my account
I give you a check for 500 dollars for a Nintendo...
Unbeknownst to you I give another guy a check for 500 for a dishwasher...

You are now both in a race to see who gets the value of that check. And you don't even know it.. ONLY I DO....  First one to clear gets the value...

I expand this idea out to coin clipping in the vein of Samaria and Egypt... Those who are at the top and clip the coins, or debase the metal or make multiple claims(paper) against an underlying value(gold, silver, etc) get the value FIRST.. Spending it down to the first layers of the economy.. Usually the aristocratic/rich strata.. they consume 90% of the value, spending it further down.. of the remaining 10%, another 90% is used up.. down and down.

To the labor class, which is the largest by far number of people.. by then they have sold their labor far too cheaply... BUT they get 100% of the inflation that this money creation created... This builds up in the system until the lowest classes revolt....  Boiling a 45 min video down to its raw form... ... A lot more history involved.

Feeling awake.

Money as was stated above is a tool.. So imagine instead of dollars, shovels...

If the shovels are equitably distributed about the system, lots of work gets done.. But if you allow shovels to be hoarded by a small number of people, suddenly work comes to a stop and people now have to work to get the shovels first before they can actually do what they wanted to do in the first place...

That is our system...   Shovels are hoarded by the elites(not the rich).. constantly devaluing any shovels you have in the banks by creating fake(inflationary) shovels which aren't real. And when you think you have a shovel and go to use it, you realize you only have 10% of a shovel and you have to go and find 90% more of a shovel to do the fucking thing you wanted to do in the first place.

They are in a unique position(as is El Salvador) to truly understand the text of the following book.

Experiment at Wargol.(https://www.citeco.fr/10000-years-history-economics/industrial-revolutions/the-worgl-experiment-in-tyrol-austria-the-first-parallel-currency

If they truly understand what Bitcoin is and isn't, they can redefine what it means to fund a city or a state(country)..

To start they could start small.. Invest maybe a million USD into BTC and get as many Sats as they can... Use that money to "spend" into the economy.  Maybe keep it simple.. Pay artists to do murals on blank ugly walls in the city.. Pay them x thousands of Sats...

THEN on the other side.. Line up private vendors to accept those sats to buy food or more paint or good they need to do more murals.... Creating a positive feedback loop. Giving velocity to the BTC... Possibly doing a Lightning chain. where if those Bitcoins don't get spent in 3 or 6 months, they will revert back to the owner(Miami).. Encouraging those coins to be spent out into the economy instead of just HODLing..

Show what BTC can do at a local small level....

Just an idea.

Sure it was been mentioned.. But the correct phrase is NOT the above but rather.

BUT FOR THE LOVE OF MONEY is the root of all evil.. Kind of makes a big difference.

Hoping to get some feedback.. I think it is pretty worthwhile, but want to make sure I'm not barking up the wrong tree.

Not looking for a million views, just some intellectual conversation about these ideas I've been bouncing around for years.

Spent a long time testing out these ideas.. 3 current podcasts showing how the double spend economy(our current system) is a system of theft. And how BTC puts to bed a 5 thousand year history of economic theft.

2nd one is about how the leaderless(along with being trustless) aspect of BTC is unique in nearly 5000 years of economic history.

And the 3rd is about how economically speaking we got here.. History of Bretton Woods, the British sterling pound system(preceded by the Roman Denari).. And how this ties into how different BTC is.. The deflationary nature of BTC versus the never ending system of growth we've been living under since Samaria.

Hope you like it. I call it a Guy in His Car Talking Bitcoin

https://www.youtube.com/watch?v=e7uSB8C1M3k  Episode 1- Double Spend Economy and Bitcoin Stories

https://www.youtube.com/watch?v=uz-t7hnFgRY  Episode 2 - Bitcoin and the Cult of Personality

https://www.youtube.com/watch?v=MBiLkWei0CQ  Episode 3- Everything you wanted to know about Bretton woods but were afraid to ask(or didn't know to ask)..

But how are transaction fees paid out? Is it in a fraction of a bit coin like the mining reward? Does the manager of the Mining group get to keep any and all transaction fee?

Thanks for any ideas.

I know the big reason to mine now is the payment of coins.. But what about transaction fees?

If I am part of a mining group, I will get a fraction of a coin based on how much hashing power I contribute.. but how are transaction fees paid out? Is this something that can be expected to go up as time progresses and more people are using Bitcoin for transactions(like now!)...


I understand pretty clearly the mining aspect of being a miner.. But what about the end goal of just being a transaction processor? What kind of money and how do you make it??

Thank you in advance for any replies.

Exactly.. I think the larger mainstream investors are finally waking up to the fact that there are X number of Bitcoin to EVER be mined.. This isn't the US dollar where they can just make a ledger adjustment and then there is 25% more liquidity in the system.

And also this isn't Gold or Oil or Coal.. Where someone tomorrow could stumble upon a huge vein or a new reservoir and change the Supply/Demand ratio over night making their investments crash..

Bitcoin is finite and it isn't some "fuzzy" finite number like oil or gold, it is a knowable and nearly predictable finite number.. I am sure someone has done the math and has figured out how fast hashing will have to be to wring the last 10% of the coins out of the system..

Think about the innovation that this is going to spawn.. Computing power had stagnated with absolutely nothing to push it further.. what was the incentive for chip manufacturers to produce something like the ASACs chips? How fast can a video game possibly go?

how many fast computers can the NSA possibly buy to justify the massive investments one must make into chip manufacturing...

I would posit that the invent of Bitcoin will do more for technology over the next 10 years than the Apollo missions to put men on the moon...

It is pretty freaking crazy..

I've been an adherent to the Peak Oil theory for nearly 15 years and it has been very illuminating in how things have progressed economically since 2004.

First you must understand what the term Peaking means.. It does NOT mean, it is gone. In the term Peak Oil, it is always incorrectly characterized as "Running out of Oil".  That is incorrect.. What it means is that the 1st half of the total has been found and brought to market...

In the Peak Oil theory there is much argument about "HOW MUCH" oil there is, so Peak Oil is just that.. A Theory...

Bit Coin is a knowable quantity by design.. The peak of Bitcoin is upon us... And to understand what that means will help you in the future in making decisions about mining(Drilling??) and whether it will be worth it..

The low hanging fruit is gone.. USB miners in their dorm room gave way to ingenious(although still rag tag) rigs that had 12 or 20 video cards...

This could be akin to the early days of oil wildcating. Anyone with a pipe some land a drill could be an oil speculator.. This then gave way to the first commercial drillers and specialized equipment, which gave way to even more specialized equipment and finally the backyard driller was only doing it because they didn't understand the concept of ROI or more specifically EROI(Energy Return On Energy Invested)...

The parallels are almost 1 to 1 in the Bitcoin experience.. We are in the 1920's of Bitcoin mining.. Commercial interests are now pushing out the small miners because they have massive amounts of capital and can survive with very small return because they have entire warehouses full of ASICs hashing power.. Like a Drill who owns 1000's of acres and has 10,000 well heads all with the latest drilling and pumping equipment...

But if I am right and this is the 1920's of Bitcoin mining(drilling), then there is HOPE..


In the case of Oil, there turned out to be SHIT TONS of it left in the ground in 1920... The middle east, the north bank, Gulf of Mexico, Venezuala, etc...  

In the case of Bitcoin there is a foreseeable end to the mining function.  This was not the case in the oil industry(or fill in any commodity mining)...  As more people chased oil and brought it to market, the price DROPPED.. Sometimes to nearly zero, and only through massive government intervention was the price of oil kept high enough to let the big producers make a profit..

This isn't the case with Bitcoin.. There is a knowable end.. We are at or near Peak.. Meaning the 50% of the bitcoins mined were by far the easiest to get.. The next 50% will be orders of magnitude harder to mine.. BUT, assuming that Bitcoin isn't somehow stopped, the price should continue to climb making mining those last marginal coin profitable in the longer run(maybe not in the 12 to 18 month hardware cost return)..

Think about the guys who mined 10 bitcoins with those older rigs that they put thousands and thousands of dollars into. They likely lost a lot of money back then, but if they held those 10 bitcoins they are now sitting on nearly 100k or more....