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From YouTube: Bitcoin's role in the current world.
Description
Bitcoin in the current world environment
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A
Bitcoin
wow
bitcoin,
so
we've
seen
bitcoin
in
the
course
of
like
right
now.
As
we're
doing
this,
we
have
gone
into
some
conflict
with
the
ukraine
and
russia.
A
This
is
actually
moment
of
truth
for
cryptocurrencies,
because
this
was
what
cryptocurrencies
were
designed
to
do
right.
They
were
supposed
to
design.
They
were
supposed
to
provide
a
way
for
everybody
to
have
a
way
to
continue
to
transact
and
store
value
where
otherwise
warring
countries
would
not
allow
them
to.
A
So
we
have
a
situation
now
where
russia
is
completely
cut
off
from
the
rest
of
the
world
through
sanctions
through
the
old.
A
You
know:
easer
banking
system,
so
ukraine
to
date,
as
far
as
I
know
at
the
time
of
making
this
and
I'll
put
this
over
here,
so
you're
better
than
there,
so
ukraine
actually
started
getting
donations
from
the
rest
of
the
world
and
various
cryptocurrencies
and
they
raised
37
million
dollars,
which
is
significant
from
various
donors
around
the
world.
A
Now.
The
irony
of
this
is
that
those
36,
the
37
million
dollars,
was
used,
so
they
could
buy
guns
to
kill
people.
That's
not
what
crypt
is
all
about
we're
actually
supposed
to
stop
that,
like
bitcoin
is
actually
supposed
to
end
wars.
I
don't
know
if
you've
heard
that
before,
but
the
reason
why
bitcoin
is
supposed
to
end
wars
is
because
the
reason
wars
happen
is
primarily
because
of
the
banks.
It's
be
par
primarily
because
of
the
the
currencies
that
are
involved
and
so
what's
happening.
A
A
However,
that's
not
what
the
that's
not
where
we're
at
right
now,
but
I'm
seeing
a
much
greater
increase
in
demand
for
bitcoin
and
the
markets
have
reflected
that.
I
think,
as
we
move
forward,
more
and
more
people
are
going
to
become
what
a
lot
of
people
like
to
call
awake.
A
The
more
more
people
are
going
to
become
more
more
aware
of
the
shortcomings
of
their
banking
systems,
the
shortcomings
of
their
currencies
and
they're
going
to
be
looking
for
where
they
can
be
able
to
where
they're
going
to
be
able
to
save
their
value
and
the
only
thing
that
isn't
being
affected
by
these
wars.
A
Technically,
that
can't
be
manipulated.
So
much
is
bitcoin
simply
because
there's
nobody
in
the
world
that
can
just
ramp
up
the
printing
press
and
start
printing
more
bitcoins
right.
The
way
that
they're
doing
with
the
dollars
or
the
way
that
they're
doing
with
the
rupals
or
whether
they're
doing
it
with
the
yens
right
or
the
or
the
yuan,
and
there's
just
no
way
to
do
that.
A
So
more
people
are
trying
to
think
about
what
they're
going
to
do
with
their
wealth
in
this
kind
of
situation
and
more
people
are,
are
starting
to
understand
what
it
means
to
be
beholden
to
the
whims
of
a
government
controlling
the
currency
versus
the
power
of
decentralized
network,
which
has
rules
without
rulers
and
and
with
that,
there's
a
certain
amount
of
certainty
that
the
the
the
ledger
of
what
is
bitcoin
is
always
going
to
be
something
that's
reliable,
something
that
will
be
nice
and
solid
that
it
doesn't
matter.
A
You
know
what
computers
go
to
war
with
bitcoin
balances
aren't
going
to
change
to
something
that
isn't
in
consensus.
So
in
the
end,
the
future
for
bitcoin.
I
believe,
you're
gonna,
see
two
systems.
A
A
You
know
with
its
crusty
old,
like
you
know,
held
together
with
popsicle
sticks
system,
that's
gonna
that
that's
just
gonna
keep
on
supporting
the
the
elite
and
the
oligarchy
and
where
all
the
value
is
going
to
flow
up
and
then
you're
going
to
have
another
system
which
is
going
to
be
open
and
it's
going
to
allow
for
everyone
to
be
able
to
participate
and
transact,
and
that's
bitcoin
and
that's
and
that's
other
cryptocurrencies
like
ethereum,
that
can
all
participate
in
the
system
without
having
to
kyc
right,
which
means
that
and
what
that
means
really
like.
A
A
You
not
only
have
to
have
kyc,
but
you
have
to
have
a
million
dollars
if
you're
going
to
have
any
kind
of
meaningful,
meaningful
interactions
to
be
able
to
participate
in
the
financial
system
right.
So
how
many
people
have
that
people
are
watching
right
now
you
got
the
million
dollars,
probably
not
not
a
lot
of
people
do,
but,
and
so
that
cuts
out
a
huge
percentage
of
the
population.
A
It's
not
good
for
the
ones
that
have
all
the
wealth
because
they
don't
want
them
to
participate,
because
that
just
threatens
their
wealth.
This
is
why
you're
going
to
see
over
the
course
of
this
coming
year,
more
and
more
kinds
of
laws
or
new
kinds
of
guidance
about
cryptocurrencies,
because
the
current
old
system
that's
held
together
with.
A
Obstacle
sticks
is
not
they
don't
like
it,
because
they
need
to
have
people
stuck
in
the
current
system.
They
need
to
stay
there
right.
They
need
to
be
slaves
to
the
system,
but
when
there's
two
systems,
when
you
have
a
choice
where
you
can
actually
transact
either
in
the
old
system
or
you
can
transact
using
bitcoin
or
ethereum
or
peer
plays,
then
that's
gonna
help
a
lot
that
great
deal
with
giving
you
more
choice
about
how
you're
able
to
hold
your
wealth.
A
A
So
using
that
with
your
digital
id,
it
means
that
every
which
way
you
go
to
transact
with
these
things
is
going
to
require
government
approval
right,
they're,
going
to
set
out
their
own
rules,
it'll,
be
their
rules,
not
any
that
you
consented
to
and
whether
and
no
matter
what
the
circumstance
you're
just
gonna
have
to
abide
by
them,
because
that's
where
your
value
is,
and
if
that's,
where
your
money
is,
if
that's
what
you
depend
on
to
live,
then
you're
going
to
have
to
follow
those
rules,
no
matter
what,
and
if
you
don't
well
then,
and
you
and
you
try
to
go
outside
of
the
parameters.
A
Well,
then,
your
credit
score
is
going
to
go
down
and
that's
how
they're
going
to
basically
make
it
so
that
they
have
control
over
the
economy.
This
isn't
this
isn't
like
conspiracy,
theory
or
anything.
This
is
actually
like.
What's
all
set
up
like
this,
these
plans
are
very
clear
and
they're,
very
verbose
and
those
that
actually
have
been
following.
All
this
have
actually
seen
this,
so
it's
actually
a
system,
that's
already
implemented
in
china.
So
it's
not
new,
but
it's
just
not
something.
A
That's
come
to
the
west
yet,
and
this
is
something
that
is
going
to
be
a
bit
of
a
culture
shock.
I
think,
but
at
the
end
of
the
day
it's
going
to
be
a
difference
between
you
having
control
over
your
finances
over
your
money
versus
you
versus
you
being
able
to
decide
where
it's
going
to
go,
which
is
what
bitcoin
is
going
to
be
able
to
do
so.
A
These
two
systems
are
going
to
emerge.
I
think
there's
going
to
be
less
and
less
of
an
opportunity
for
what
we
know
today,
as
eoc
gateways
to
be
able
to
be
supported
in
this
kind
of
an
environment
because
they're
creating
a
situation
where
they're
going
to
create
rules
that
just
make
it
impossible
almost
to
utilize,
your
bitcoin
inside
of
their
system,
but
there'll
be
other
ways
because
there
just
has
to
because
what
will
happen.
Is
that
we'll
want
to
have
more
of
an
alternative,
which
means
that
more
development
is
going
to
go
towards
that.