Learn how to get some non-KYC Bitcoin:
https://www.bitcoinuniversity.com/courses/76599-the-ultimate-guide-to-bitcoin
In this video, I discuss whether Bitcoin was fairly distributed.
This is a strange question to ask, since Bitcoin is a voluntary opt-in system, unlike fiat which is enforced at the edge of the sword.
Nevertheless, we can conclude that Bitcoin’s distribution was fair, if not equal. Bitcoin started off having zero economic value, and so was initially prized most by people who had put in the hard work to understand its construction and properties.
Unlike other crypto, Bitcoin experienced a slow and spontaneous monetization, free from unethical premines, pre-sales, and pump and dumps.
I run through the thought experiment of a global air-drop of Bitcoin to every single human being on the planet in 2009. Without the block subsidy and any substantial transaction fee market, Bitcoin mining would never have taken off.
In addition, most people would have lost or sold their coins early on, not valuing something that they got for free in an air-drop. This is similar to what happened with the voucher privatization program after the fall of the Soviet Union.
The most difficult part of Bitcoin is not acquiring it, but hodling it. Hodling requires strong conviction, and there’s no way to air-drop strong conviction. Strong conviction can only come from having put in the proof of work over time.
Everyone gets Bitcoin at the price that they deserve. If you heard about Bitcoin many years ago and never looked into it, you should blame yourself and not Satoshi. I first heard about Bitcoin in 2011, but did not become a hodler until late 2019, so I blame myself as well for my intellectual laziness and arrogance.
Not investment advice! Consult a financial advisor.
What it’s actually like to hodl:
https://www.reddit.com/media?url=https%3A%2F%2Fi.redd.it%2Fzz2mbbejm9j61.jpg
Most Salvadorans have already ditched their national bitcoin wallets:
https://restofworld.org/2022/el-salvador-chivo-bitcoin-wallet/
Voucher privatization program in Russia:
https://en.wikipedia.org/wiki/Privatization_in_Russia#Voucher_privatization_(1992%E2%80%931994)
Ethereum Developer Vitalik Buterin Sold 25% Of His Coins:
https://themerkle.com/ethereum-developer-vitalik-buterin-sold-25-of-his-coins/
Crypto premines and presales:
https://miro.medium.com/v2/resize:fit:1358/1*TayypeN1nRVdmikXjuy4hA.png
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
Disclaimer
Neither Bitcoin 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, on this YouTube channel, or at www.Trader.University or www.BitcoinUniversity.com (henceforth, “the Sites”) should be construed as such by you. This video, channel, and the Sites should be used as educational tools only and are not replacements for professional investment advice. Trading or investing in new and volatile assets like Bitcoin can be risky.
What is the best way of making profits from trading and investing in Crypto currencies?
What I’m confused/concerned about is the possibility that there won’t be enough bitcoin for the billions of people considering the fact that massive quantities are hoarded by some individuals and corporations and governments. I’ve heard that Satoshi’s can be subdivided. Is that true?
My conviction of Bitcoin was at $3400 and Bitcoin was introduced to me at $15K so after thousands of hours of research (obviously it intrigued me) I got in after selling my house with conviction! Lucky? Maybe but I was confident in Bitcoin after research 💪🏻
I heard about bitcoin while refereeing tennis tournaments in Sacramento California in 2017 as it was running up in price drastically. So, it wouldn’t have mattered because it was already above $15,000 at that time.
Brilliant 🙏
I was in high school in 2011 😂 i wish i got in that early. I got in around 2016-17 but sold it all for $10k. I knew and understood the value immediately. But I had no knowledge of the 4 year cycle. I figured it would take decades for the price to moon. I was wrong.
Bitcoin mining was made available to all at same time.
Bitcoin was handed out for free on a website. Some trying to hand it for free today.
Your emphasis on conviction is the key point. Thanks.
They'll fairly-distribute my Bitcoin when they pry it from my cold storage wallet.
WARNING: There are a number of scammers who are using my image and
channel name to try to connect with my viewers on WhatsApp and other
platforms to scam them. Just so you know, I will never refer you to
"my personal trader" or try to connect with you personally to sell you
something. I am trying to ban these scammers as quickly as they pop up. You can
always recognize a scammer by clicking on the image and seeing how
many videos he has. All of these guys have zero videos, while I have
hundreds. I also now have a checkmark next to my name, so that you can distinguish the real Bitcoin University from the imposters. Follow me on Twitter @mattkratter
It takes knowledge education and then conviction
You get bitcoin at the price you deserve
Yay mattt uploads