Bitcoin: A More Fair Distribution?
𝗚𝗲𝘁 𝗧𝗵𝗲 𝗨𝗹𝘁𝗶𝗺𝗮𝘁𝗲 𝗚𝘂𝗶𝗱𝗲 𝗧𝗼 𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗖𝗼𝘂𝗿𝘀𝗲:
https://www.trader.university/courses/38824-the-ultimate-guide-to-bitcoin
Use the discount code YT99 to get the best price.
In this video, I discuss Bitcoin's distribution, and whether it could have been made more fair by allocating an equal share to every single human being in the world.
What we see from Russia's voucher privatization program of 1992-1994, as well as El Salvador's Bitcoin distribution, is that people do not value things that they don't understand or that they get for free.
To properly hodl Bitcoin for the long term, you have to understand it at a deep level. Only then will you be able to psychologically weather the volatility.
Today you can get almost 6,000 sats for $1.00 and still no one cares.
Everyone gets their Bitcoin at the price that they deserve.
Fortunately, because Bitcoin is proof of work, having more coins does not give you additional control over the protocol.
The morale of this story is that you can give people free things like Bitcoin, but most people will not value it.
Instead, they will sell their Bitcoin to people who do value it, in which case you end up in a very similar situation to how Bitcoin's distribution actually worked.
Not investment advice! Consult a financial advisor.
Altcoin pre-mines:
https://miro.medium.com/max/1200/1*TayypeN1nRVdmikXjuy4hA.png
Vitalik dumps his coins on retail:
https://themerkle.com/ethereum-developer-vitalik-buterin-sold-25-of-his-coins/
Russian voucher privatization:
https://en.wikipedia.org/wiki/Privatization_in_Russia#Voucher_privatization_(1992%E2%80%931994)
Salvadorans dump their Bitcoin:
https://restofworld.org/2022/el-salvador-chivo-bitcoin-wallet/
Dave Ramsey Weighs In On The FTX Collapse:
https://www.youtube.com/watch?v=q8SCoulVEjo&t=0s&ab_channel=TheRamseyShow-Highlights
Sats are so cheap right now:
https://bitcoin.clarkmoody.com/dashboard/
What it's actually like to hodl:
https://i.redd.it/zz2mbbejm9j61.jpg
Common critique of Bitcoin wealth concentration:
https://twitter.com/the_scientist_y/status/1556714508982296577
https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html
I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.
My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.
#bitcoin
#crypto
#satoshi
Disclaimer
Neither Trader University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video or at www.Trader.University (henceforth, “the Site”) should be construed as such by you. This video and the Site should be used as educational tools only and are not replacements for professional investment advice. There is a high risk in trading.
-
7:10
Bitcoin University
7 months agoHow A BlackRock ETF Could Destroy Ethereum
5909 -
DVR
Free And Equal Elections
3 hours agoFree & Equal Presidential Debate at FreedomFest 2024
9.3K37 -
1:02:14
Bare Knuckle Fighting Championship
1 day agoBKFC FIGHT NIGHT PECHANGA FREE PREVIEW FIGHTS
10.2K7 -
1:36:53
Glenn Greenwald
5 hours agoOligarchs Overriding the Will of Democratic Voters; Many Democrats Claim Push Against Biden is Racist; What Happened to Gaza in Liberal Discourse? | SYSTEM UPDATE #296
42K81 -
5:04:23
Nerdrotic
8 hours agoACOLYTE Shills COPE! Woke Hollywood Regret, Marvel TRASH | Friday Night Tights 310, w/ It'sAGundam
66.4K61 -
2:25:26
WeAreChange
5 hours agoThey're "In Hell" — Obama And Clinton Inner Circles Plot Biden Ouster! W/ Justin Amash
33.8K17 -
1:12:17
Matt Kim
7 hours agoWhat's in Dallas and Nashville? | Matt Kim #105
29.6K2 -
2:11:38
Laura Loomer
6 hours agoEP58: DEMS DUMP BIDEN: Chaos on Capitol Hill
43.5K32 -
1:04:36
In The Litter Box w/ Jewels & Catturd
1 day agoBig Boy Bombs Badly | In the Litter Box w/ Jewels & Catturd – Ep. 603 – 7/12/2024
77K67 -
2:34:40
LumpyPotatoX2
8 hours agoFortnite Friday on Rumble - #RumbleTakeover
66K8