"As soon as scarcity of the Rai stones was lost, the Rai stones became worthless." - 1:19
"The most successful forms of money display some key properties. They're durable, divisible, transferable and scarce." - 1:34
"In fact, in today's paradigm, most of our dollars are already completely virtual; stored as a series of zeros and ones in our banks. Never actually being physically created." - 2:39
"Inflation happens right under your nose. If I could go back 20 years ago, I would have nearly twice as much purchasing power as I do today. So if someone worked, saved for 20 years, they would see 10 years of those earnings evaporate away. Just by holding their dollars until today." - 3:10
"We've all heard of the debt ceiling, right? And what happens when we hit it? We raise it. We print more money and allows ourselves to go deeper into debt. And who pays when we print more dollars? Those who hold dollars." - 3:40
"When we print more money, when we inflate the money supply, it is a tax on the poor." - 4:07
"If governments were restricted in their ability to print money and had to be more fiscally responsible budgeting, like the rest of us, that perhaps they would be less likely to fund unnecessary endeavors, including wars." - 4:31
"Many of us don't understand the intricacies of how the dollar works, but we trust it and the government that backs it. A similar parallel holds true for Bitcoin, but with an important distinction. Anyone can view the Bitcoin code. Anyone with a computer science background could verify the behavior of the Bitcoin protocol." - 5:30
"Better money can lead to positive societal change. Savers will be reward. The poor won't be taxed by inflation, and perhaps governments will think twice before engaging in costly, reckless wars." - 8:37
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