What is Money? And Could Bitcoin Be the Best One? | Jad Mubaslat | TEDxDayton
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- čas přidán 9. 01. 2020
- If you’ve heard that Bitcoin is going to revolutionize money, but aren’t quite sure what that means, this talk is for you. Bitcoin entrepreneur and enthusiast Jad Mubaslat explains the key features of what makes anything (whether it is precious metals, paper notes, shells, or cows) viable as a currency for exchanging value. He then lays out how a digital currency like Bitcoin has all the same features necessary to be a currency, with some additional advantages that are unique to the blockchain technology upon which Bitcoin is built. Jad Mubaslat has been passionate about Bitcoin for several years. He founded BitQuick.co while attending The Ohio State University in 2013. The Bitcoin trading platform was accepted into leading Bitcoin accelerator, Boost.VC in 2014; BitQuick.co was then later acquired in 2016. Since then, Jad has remained an active advisor to the company, organizes a meetup for Bitcoin and cryptocurrency in the Dayton area, and now works at Rain Financial, the first regulated cryptocurrency exchange in the Middle East. Jad received a BS in Biomedical Engineering in 2015 at Ohio State and an MS in Human Factors Engineering in 2018 at Wright State. This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at www.ted.com/tedx
Buy Bitcoin people, wake up educate yourself. Its a system for the people and not the state. Wake up.
Aged well
Bitcoin is digital gold.
Instead of calling it digital gold or digital money, I'd rather call it a digital value deposit.
It is not, there were never are no gold whales dumping and pumping the prices.
@V J lol, doesn't look like nothing. Companies r starting to store millions of dollars into bitcoin. Micro strategy for one just bought 450 million worth of btc. Ceo of Twitter just bought a bunch. Sorry your going to miss this
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only 15k views ? this talk is still visionary by 2021's beginning... don't miss the bus
I would add, it doesn't matter who created bitcoin because the creator now cannot impact bitcoin in the same way a creator of a centralized project can.
Well done - great talk ! Thank you
short and nice talk
Very well said
His explanation is clear as glass
Great talk!
very good history of the monetary system
I love this introduction.
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Be careful on who you invest with. Invest wisely
More people should see this!
Great talk, so clear, no nonsense. Amazing how few times this has been viewed till today. There is so much ignorance...
The problem why few people have seen this talk is that most people are not interested in what money is, or how the money they use every day is created. Most people unfortunately don't make the "effort" and research to understand it. But on the other hand, most people complain that they don't have enough money. Paradox!
this guy read "the bitcoin standard"
One of the best intro to Bitcoin talks.
Share with your friends and family as an easy to digest first introduction to Bitcoin.
Very clear explanation, thanks! Now i know what to do to save my money!
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Be careful on who you invest with. Invest wisely.
Truth💎
Good stuff!
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Be careful on who you invest with. Invest wisely.
Why I like Bitcoin because of this 8:28
We seriously need to ponder the need of money and its functionalities.
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Be careful on who you invest with.
good vid
To everyone who is thinking of starting their own business, believe in yourself and never give up.Your future self will be thankful
Great content. Everyone needs more than their basic salary to be financially secured
Money left in savings always end up used with returns.
True though unfortunately mine always end with losses
You do not really need someone to tell you how to invest your coins, you can make research on your own and trade with expert to guild you through
In few years time a lot of people will regret why they miss this great opportunity of earning.
How does this video have only 18k views??
The answer to the title is yes and it will be
Early in this game we are. Better learn how to confront your fear and HODL.
Just want to know what happen to the value of Bitcoin if this limited amount of crypto currency by 2040 when half, or worst, most of them got lost and unrecoverable in the block chains through human mishandling them?
How will cypto savers be rewarded?
We may never know who Satoshi is, but at least we know Vitalik :3
Ethereum and Bitcoin will be killer
Hodl bois
I agree - but a few concerns.
1. Bitcoin can be lost (once lost cannot be recovered.) No means to recover the lost bitcoin.
2. There will only be 21 million bitcoin in the whole world with a population of over 8 billion. Already the bitcoin is in the hands of early adopters or with institutions. Which means the new comers cannot get any bitcoin unless they are in the top economic tiers in the society.
3. The price of bitcoin keeps increasing rapidly which makes it even harder for the next generation to lay their hands on unless bequeathed to them. Or they have to accept it as payment
4. By then, the value of bitcoin would be so high and the wealth distribution so unequal that the poor has to work for peanuts of bitcoin. doesnt make sense to me. for example - If I am a day laborer and need to get paid my wages, noone would give me a portion of bitcoin. The transaction rates are high.
5. Bitcoin doesnt work with illiterate people. Illiterate people can use all other forms of currency mentioned above, but very difficult to use bitcoin.
6. As time goes, bitcoin cannot be used for daily shopping etc. For example - Tesla started accepting bitcoin as payment. I would say that any person that is using bitcoin to purchase the car now(in 2021) is foolish. Because, considering that the person is buying 50000 dollar worth of car using 1 bitcoin (suppose 1 bitcoin is equal to 50 k today. It actually is 47K). I giving more to Tesla. Because the bitcoin, considering people's mindset will appreciate in value. If it goes to 100 K in the next year, the person that bought the car, just lost 50k and the car depreciated too.
7. from point 6, this will make the value of things inherently cheaper, as the value of bitcoin goes up.
8. Bitcoin is a digital asset that is not tangible. Its value is only perceived. For example if there are more sellers of bitcoin than buyers, the value would drop drastically. Doesnt make sense.
9. If there is another crypto currency that has the same features as bitcoin and another famous celebrity vouches for that, then bitcoin value could drop. (this is whimsical - but can turn out to be true)
10. If there is a big catastrophe, bitcoin would become worthless. People would prefer to have gold instead of bitcoin. (you can argue that you can hold bitcoin in your wallets. consider there is no connectivity, nothing - then a piece of gold or for that matter any commodity (bottle of water) would have more value than bitcoin)
11. Bitcoin can ACT only as a hedge. The moment it comes into circulation worldwide, it is doomed. And it cannot come into worldwide circulation. Consider governments accepting it.
12. Bitcoin for some crazy unforeseen reason may tank in the future, and may not hold any value.
13. Bitcoin can never replace actual currency totally.
14. Gold is regulated and inspite of that it is valuable. Consider bitcoin getting regulated - I dont think it can stand a chance.
15. Silly point- Lost gold can be found by some stranger and can be used to his/her betterment. Lost bitcoin is gone forever. Total loss.
Disclaimer: I am a small time bitcoin trader myself, but honesty dont believe in its longevity. I am just in for the short haul.
The existence of another blockchain projects and alt coins solve all of that.
Good points made, another concern is that the financial system is an extremely complex network to be just facilitated by bitcoin only, it can never happen unless banks decide to adopt it for some reason but highly unlikely. Banks only use bitcoin to make market for speculative trading not for collateral in the financial system, banks use Treasury securities as collateral to keep the financial system going.
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Watching this, Btc is at 33.000$. First time i heard about Bitcoin, it was at 100$. I regret Not having bougt a Little USB Miner😬
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Your comment just proves just how speculative the crypto market is, all the demand in bitcoin is just speculating and hodling...no real economic demand
BTC dominating the boomers monitary policy!
bitcoin slow and expensive to transfer
BTC worth 58k now
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So what?
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Yes bitcoin can be divisible. But it is abstract. It is not physical. It is like saying, I have a number. I will give you a fraction of it.
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@@cryptocapitalventure1864 exactly! Hence proved
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@@cryptocapitalventure1864 sure. We can discuss what extra value you can provide other than that I have. I only hope to accept any guidance if my mind can accept the logic behind any argument or discussion.
It’s very odd you’re standing on a “CONNECT” logo. 🤦♂️
Is that a bitconnect reference?
I swear this guy is just repeating the 'Bitcoin Standard' word for word lmao
Alternate title: "Guy turns content from The Bitcoin Standard into a speech he claims as his own"
Why does this feel like this dude is just stroking himself off on stage?
How do u feel a stroke off!! I want some
Bitcoin is bound to fail.