Hello everyone, fantastic to see a room with. 00:05 Standing room only, so many people here are so excited about this technology and I'm gonna cover why we should be so excited about this technology. 00:09 And so we're going to cover. 00:22 What it is the history the economics behind it? 00:24 The present the future, and if there's time, 00:27 some final thoughts and questions there. 00:30
And so for anybody that doesn't know I've been involved in this ecosystem for over 8 years now full time every single day. 00:32 I was the first person in the entire world and start investing in this ecosystem so. 00:39 But we should talk about What is this? 00:44 What is Bitcoin? 00:46 What is all this stuff that's going on here well? 00:46 It's right there in the very title of the original Bitcoin White Paper. 00:51
And it's that big coin is a peer to peer electronic cash system. 00:55 That means it's used for payments for people to pay money with anyone anywhere in the world instantly basically for free. 00:59 And that there's nothing that anyone can do to stop them from making those payments. 01:06 Bitcoin is not a company. 01:13 It's not centrally controlled. 01:15 I'm not the CEO of Bitcoin. 01:15 I'm not the CEO of Bitcoin cash. 01:19 I'm not the CEO of anything. 01:21
These are all just protocols so they're not proprietary systems. 01:22 That means that they're not systems for one specific use application. 01:26 It can be for all sorts of things and it's not tide to any particular jurisdiction or location. 01:30 It's not just for Singapore. 01:35 It's not just for Moscow is for everyone all over the planet regardless of where they were born or where they're living today. 01:37 And Bitcoin is not still the only cryptocurrency. 01:44
There's thousands of them at this point and it's really exciting to see the ecosystem developing. 01:47 And so Bitcoin is a technology. 01:53 To protocol in a network and a system that enables much, 01:55 much, much, much more. 01:59
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