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In this video, I discuss the arrest of the Samourai Wallet founders, and what it means for privacy and Bitcoin.
Not investment advice! Consult a financial advisor.
Founders And CEO Of Cryptocurrency Mixing Service Arrested:
https://www.justice.gov/usao-sdny/pr/founders-and-ceo-cryptocurrency-mixing-service-arrested-and-charged-money-laundering
JPMorgan and Deutsche Bank Named in Money Laundering Report:
https://www.thestreet.com/investing/jpmorgan-jpm-deutsche-bank-db-money-laundering-report
Pentagon fails audit for sixth year in a row:
https://www.reuters.com/world/us/pentagon-fails-audit-sixth-year-row-2023-11-16/
Samourai Wallet poking the bear on Twitter:
https://twitter.com/SamouraiWallet/status/1542533704635015168
A Cypherpunk's Manifesto:
https://www.activism.net/cypherpunk/manifesto.html
Swapping Bitcoin for Monero hurts privacy:
https://decrypt.co/214367/did-law-enforcement-crack-privacy-coin-monero-its-complicated
Why Monero is a hot potato:
https://www.youtube.com/watch?v=1LTT7wwyUAQ&ab_channel=BitcoinUniversity
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 replacement..
Join Bitcoin University Premium:
https://www.bitcoinuniversity.com
In this video, I discuss Bitcoin Runes, its creator Casey Rodarmor, as well as the spam problem that it has created, including possible mitigations like mining with Ocean and running Bitcoin Knots instead of Bitcoin Core.
Bitcoin's currently high transaction fees are NOT the result of Bitcoin's having suddenly become the world's new global monetary settlement layer.
These high transaction fees are being caused by spam, and are behaving like a DOS attack on the network, making it prohibitively expensive to do monetary transactions on-chain.
Yes, this is a preview of how base layer transaction fees will look someday-- but that day is not today.
This spam is the direct result of unethical crypto VCs trying to use Bitcoin for their latest scams. If you see a company or other actor in the Bitcoin space who is promoting ordinals/inscriptions/BRC-20s/runes, you should consider calling them them out.
If Casey Rodarmor or the Taproot wizards are being given a platform at a Bitcoin conference or event, consider boycotting it.
If a company like Casa is supporting spam, then consider using their competitor Unchained instead.
Node operators called out the big blockers in 2017.
Node operators called out MARA for caving in to US government censorship.
Node operators need to do the same thing again for those who are filling the Bitcoin blockchain with spam.
Not investment advice! Consult a financial advisor.
People losing money on runes:
https://twitter.com/TomerStrolight/status/1781855672415535166
Ordinal theory:
https://rodarmor.com/blog/ordinal-theory/
Why you shouldn't use Casa:
https://twitter.com/mattkratter/status/1782042802077278550
Casey Rodarmor's very disturbing obsession:
https://rodarmor.com/blog/wanko-manko/
https://twitter.com/rodarmor/status/1355713434101268482
https://twitter.com/KingBootoshi/status/1781899574774571202
Cool fork of Mempool.space that shows block health and spam:
h..
Join Bitcoin University Premium:
https://www.bitcoinuniversity.com
Recordings of my live classes:
https://www.bitcoinuniversity.com/courses/93850-live-classes
In this video, I discuss the scenario where an attacker spins up 100,000's of new Bitcoin nodes in an effort to attack the network.
Such an attack would simply create an alternate version of the Bitcoin network, running on its own rules, and would not affect those running their own nodes.
This is yet another reason why it is so important to run your own node and use it for all of your Bitcoin transactions, rather than relying on someone else's node.
Not investment advice! Consult a financial advisor.
Maps of Bitcoin nodes:
https://bitnodes.io/
https://bitnodes.io/nodes/all/
My favorite hardware wallets:
https://coldcard.com/
https://blockstream.com/jade/
Sparrow Wallet download:
https://www.sparrowwallet.com/download/
How to set up Sparrow Wallet:
https://www.youtube.com/watch?v=HLi8p9aTlBQ&ab_channel=BitcoinUniversity
How to connect a hardware wallet to Sparrow:
https://www.youtube.com/watch?v=Q4gpVF-ATAg&ab_channel=BitcoinUniversity
How to connect Sparrow to Bitcoin Core:
https://sparrowwallet.com/docs/connect-node.html
Two versions of Bitcoin software:
https://bitcoin.org/en/download
https://bitcoinknots.org/
Easy ways to run Bitcoin software:
https://umbrel.com/umbrelos
https://start9.com/
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
#nodes
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 advi..
Join the private Bitcoin forum:
https://www.bitcoinuniversity.com/bitcoin-forum
In this video, I discuss whether the Bitcoin blockchain is a good file storage solution. I conclude that it is not.
The blockchain has always been kept as small as possible by design. An examination of Bitcoin's history shows that Bitcoin culture has always sought to minimize the usage of the blockchain for non-monetary purposes. Rather than being political censorship, this has always been a practical concern and imposed by Bitcoiners themselves, not by hostile governments.
Don't let grifting crypto VCs tell you otherwise, even if their organization has "Bitcoin" in the name.
Not investment advice! Consult a financial advisor.
OP_RETURN and data in the block chain:
https://bitcoin.org/en/release/v0.9.0#opreturn-and-data-in-the-block-chain
An example of an OP_RETURN message:
https://mempool.space/tx/09936a2b96c103f9314cbc031958c1b04196edfa2be9758e5cf5804a871cf1a3
SHA-256 hash calculator:
https://xorbin.com/tools/sha256-hash-calculator
Ordinals/inscriptions/runes making newcomers hate Bitcoin:
https://twitter.com/francispouliot_/status/1781660836198576362/photo/2
People inscribing garbage on the blockchain:
https://ordiscan.com/inscription/70307291
Bitcoin whitepaper:
https://bitcoin.org/bitcoin.pdf
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 o..
Join Bitcoin University Premium:
https://www.bitcoinuniversity.com
In this video, I discuss the ongoing spam attack on Bitcoin, as crypto VCs mint the latest scam (Runes), clogging up block space and skyrocketing transaction fees.
Crypto VCs will eventually run out of money, but what if this were a nation-state attack instead? How many Bitcoiners would be in favor of filtering then?
Not investment advice! Consult a financial advisor.
View the latest Bitcoin blocks and transaction fees here:
https://mempool.space/
View the halving block here:
https://mempool.space/block/0000000000000000000320283a032748cef8227873ff4872689bf23f1cda83a5
Bitcoin Magazine and UTXO Management are both owned by David Bailey:
https://www.utxo.management/team/
https://bitcoinmagazine.com/tags/bitcoin-halving-livestream
https://twitter.com/UTXOmgmt/status/1780979437917385070
"I hate Bitcoin now":
https://twitter.com/BitcoinBellyB/status/1781665478471000148
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
#halving
#runes
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.
Join Bitcoin University Premium:
https://www.bitcoinuniversity.com
Follow me on Nostr:
https://primal.net/p/npub1s33sw6y2p8kpz2t8avz5feu2n6yvfr6swykrnm2frletd7spnt5qew252p
In this video, I discuss rare sats, as well as "epic sats," which are only available at each Bitcoin halving.
By collecting your own rare sats, you can demonstrate to the world that you don't understand how Bitcoin UTXOs work, while simultaneously enriching unethical crypto VCs.
Not investment advice! Consult a financial advisor.
My favorite block explorer:
https://mempool.space/
Different categories of rare sats:
https://bitcoinmagazine.com/print/pick-your-poisson
Rare Bitcoin collectibles:
https://rare.b.tc/
Lock up your BTC to harvest BOB Spice (scam):
https://twitter.com/build_on_bob/status/1773010071917642182
Download an app to access Nostr:
https://damus.io/
https://primal.net/
The Rare Sat Lie:
https://primal.net/e/note10hg4v3e2m4tlqpq2t24c9svuggjchg295h67xhsr3yweq9vtqftsnpv7tr
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
#ordinals
#raresats
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.
Call your senators today:
https://act.demandprogress.org/call/no-on-section-702-call-page/
In this video, I discuss the proposed extension of Section 702 surveillance powers currently being voted on by the US Senate. This is an attempted expansion of NSA surveillance powers that we haven't seen since the Patriot Act.
If you are against Americans and their businesses being weaponized to spy on each other and this attempt to bypass the 4th Amendment, please call your senators today.
And buy some more BTC to help to defund these tyrants.
Not investment advice! Consult a financial advisor.
FBI misused surveillance tool on Jan. 6 suspects, BLM arrestees and others:
https://www.washingtonpost.com/national-security/2023/05/19/fbi-digital-surveillance-misuse-jan6-blm/
Elizabeth Goitein's thread:
https://twitter.com/LizaGoitein/status/1779885123363635572
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.
#nsa
#surveillance
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.
Join Bitcoin University Premium:
https://www.bitcoinuniversity.com
In this video, I begin to reexamine ordinals, inscriptions, and the issues surrounding spam on the Bitcoin blockchain.
My conclusion is that just because you can do something, it doesn't mean that you should do it-- especially if you aim to be a respectful and ethical actor in the space.
Many people in the space including crypto VCs have warped incentives when it comes to their approach to Bitcoin spam.
Not investment advice! Consult a financial advisor.
UTXO selling unethical garbage like rare sats:
https://rare.b.tc/#ords
Genesis block:
https://en.bitcoin.it/wiki/Genesis_block
Hex to text converter:
https://www.duplichecker.com/hex-to-text.php
Ordiscan:
https://ordiscan.com/inscription/69650464
Udi celebrating that "we broke Bitcoin":
https://twitter.com/udiWertheimer/status/1660034199934365698
High on-chain fees making Bitcoin adoption more difficult in developing countries:
https://twitter.com/AnitaPosch/status/1732722398359638414
https://twitter.com/AnitaPosch/status/1655459803957739520
Taproot Wizards being funded by David Bailey of Bitcoin Magazine:
https://taprootwizards.com/
https://www.crunchbase.com/organization/taproot-wizards/company_financials
Point your hash to ethical Bitcoin mining pools:
https://ocean.xyz/
WTF happened in Feb 2023:
https://wtfhappenedinfeb2023.com/
Mempool.space goggles:
https://mempool.space/
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
#ordinals
#inscriptions
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..
In this video, I discuss Bitcoin Magazine's continued ideological drift towards supporting shipcoins, including a pro-ETH editorial written by a long-time EOS supporter.
It's an odd coincidence that this editorial is so well-aligned with David Bailey's recent crypto fund investments, like BOB ("Build on Bitcoin") which pursues a similar strategy of trying to conflate the virtues of Bitcoin and Ethereum and "building bridges, not walls."
Unethical projects built on top of Bitcoin are no better than unethical projects build on other chains. It's misleading to try to represent yourself as a "Bitcoin maximalist" while you are simultaneously funding other crypto projects.
Not investment advice! Consult a financial advisor.
Bitcoin Mag getting paid to promote garbage:
https://twitter.com/francispouliot_/status/1770718212428075478
Max Keiser's stinky cheese:
https://twitter.com/mattkratter/status/1771567148474786090
https://twitter.com/maxkeiser/status/1771371892101742908
https://twitter.com/maxkeiser/status/1772306446840889525
Bitcoin Mag running pro-ETH article written by an EOS shipcoiner:
https://twitter.com/mattkratter/status/1779989011928625214
https://bitcoinmagazine.com/culture/beyond-tribalism-the-synergistic-future-of-bitcoin-and-ethereum
https://bitcoinmagazine.com/authors/yves-la-rose
The EOS scam:
https://www.cnbc.com/2018/05/31/a-blockchain-start-up-just-raised-4-billion-without-a-live-product.html
https://crypto.marketswiki.com/index.php?title=Block.one#cite_note-1
Block.One loaded up on BTC after selling you EOS:
https://bitcointreasuries.net/
David Bailey funding unethical Bitcoin projects:
https://twitter.com/davidfbailey/status/1773033923112497635
https://twitter.com/build_on_bob/status/1773010071917642182
https://twitter.com/build_on_bob/status/1779842414339076128
Saif on Ethereum as the mother ship of poop coins:
https://twitter.com/saifedean/status/1540035416451174401
First attack BTC, then plead for solidarity:
https://twitter.com/mattk..
Join the private Bitcoin forum:
https://www.bitcoinuniversity.com/bitcoin-forum
In this video, I discuss Bitcoin's initial and current distribution, and how it compares to both fiat and other cryptocurrencies.
Most cryptocurrencies were issued by a small group of insiders, who set aside free coins for themselves, allowing them to dump on retail investors without needing to first register for an IPO.
Unlike Ethereum and every other shipcoin, Bitcoin did not even have a price for the first 16 months of its existence. It started off as a novelty and collectible, and its growth was beautifully slow and organic, allowing time for the Bitcoin network to grow under the radar.
Bitcoin's monetization was organic and spontaneous. It wasn't artificially engineered by venture capitalists and marketers and paid influencers as continues to happen in the "crypto industry." Bitcoin's path to monetization was free from unethical premines, pre-sales, and pump and dumps. Most of the early holders of Bitcoin were cypherpunks, math nerds, and people whose primary interest was not financial.
Hodling Bitcoin for the long term requires incredible self-control, a deep understanding of its value, and nerves of steel to handle the volatility. Even if every person on earth were initially air-dropped a "fair portion" of BTC as part of the initial distribution, most people would not have valued it, and would instead have dumped it or lost it, similar to what took place with the Russian voucher program in the 1990s.
Even today, you can get more than 1,500 sats for just $1 and most people still don't care. These are the same people who in 10 years when Bitcoin is at $2 million per coin are going to be telling you that you don't deserve your wealth and that you just got lucky and that it's just not fair and that the government should redistribute some of your wealth to them.
Bitcoin is a voluntary and opt-in system. You are not forced to use it, but rather are free to use scammy crypto o..
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https://www.bitcoinuniversity.com/join
Join and pay using Bitcoin:
https://pay.zaprite.com/pl_iyQ4aQDNCw
In this video, I discuss two hot wallet solutions (Sparrow desktop/laptop and BlueWallet mobile) that can be used to take your Bitcoin off the exchange, and practice self-custody while you are waiting to take the next step of buying a hardware wallet like the Blockstream Jade or Coldcard.
Holding your Bitcoin private keys in cold storage is the best solution, but an intermediate solution can be BlueWallet or Sparrow, which is still better than leaving your BTC on an exchange.
Ownership/control of Bitcoin is determined by your ability to sign a transaction with your private keys. Bitcoin itself is not "stored" on any wallet. Instead, Bitcoin wallets are used to store your private keys.
Your actual BTC is just a notation on the global ledger known as the Bitcoin blockchain. If you don't have your own private keys, then you will need to ask permission to move your BTC.
If you leave your BTC on Coinbase or any other exchange (i.e. they control the private keys to the Bitcoin), then you will need to ask permission to move your BTC.
You also risk losing your BTC if that exchange gets hacked or the owner runs off with all of the Bitcoin, as has happened numerous times over the past 15 years. You're also in trouble if the exchange is ordered by a government to freeze all user accounts.
Warning: do not visit any Telegram or Signal groups that pretend to offer customer support for Sparrow or BlueWallet-- they are almost all scammers. If you click on one of their links or share your 12 words with them, your Bitcoin will be gone forever.
Not investment advice! Consult a financial advisor.
FTX bankruptcy and your Bitcoin:
https://www.fastcompany.com/91021842/ftx-bankruptcy-what-customers-should-know-about-getting-crypto-deposits-money-back
Sparrow Wallet for desktop and laptop:
https://sparrowwa..
Join Bitcoin University Premium:
https://www.bitcoinuniversity.com
In this video, I discuss the SEC serving Uniswap Labs with a Wells notice.
This is definitely bad news for Uniswap Labs, which has been using what is probably an unregistered security UNI to fund its operations.
It's also bad news for other "decentralized in name only" actors in the DeFi space, as well as crypto like Cardano and Ethereum.
By contrast, Bitcoin is special. It's a digital commodity that fails the Howey Test, and is thus not an investment contract or security.
Not investment advice! Consult a financial advisor.
Uniswap Labs:
https://uniswap.org/
Uniswap's NY office:
https://twitter.com/Pledditor/status/1637460359073218560
Uniswap has a headquarters and investors:
https://pitchbook.com/profiles/company/265762-45#overview
SEC investigating Uniswap since 2021:
https://decrypt.co/80130/uniswap-labs-under-investigation-sec-report
Uniswap receives a Wells notice from the SEC:
https://decrypt.co/225774/uniswap-uni-token-price-drop-sec-wells-notice
https://twitter.com/haydenzadams/status/1778126466984575166
1 billion pre-mined UNI tokens:
https://blog.uniswap.org/uni
Coinbase listing unregistered securities like UNI:
https://www.coinbase.com/blog/uniswap-uni-is-now-available-on-coinbase
Bankless stands with Uniswap:
https://twitter.com/RyanSAdams/status/1778175941509865604
Bankless rekt its own investors:
https://coinmarketcap.com/currencies/bankless-dao/
Pomp loves shipcoining:
https://twitter.com/GhostofWhitman/status/1777893700829405520
https://twitter.com/stephanlivera/status/1777722739979083790
David Bailey loves shipcoining:
https://twitter.com/OpalBTC/status/1775872557365055967/photo/1
https://twitter.com/Pledditor/status/1770629275290402845
https://twitter.com/build_on_bob/status/1773020961597452634
https://twitter.com/AnthonieMeijer/status/1776927519230378343
Ethereum has a leader and a road map:
https://www.theblock.co/post/269799/vitalik-buterin-shares-updated-202..
Join the private Bitcoin forum:
https://www.bitcoinuniversity.com/bitcoin-forum
In this video, I discuss the effect of the halvings on BTC, BCH, and BSV and how larger blocks have been preventing a robust transaction fee market from developing.
BCH and BSV continue to bleed value against BTC, and their network hash rates are far below that of the Bitcoin (BTC) network.
BTC blocks are already showing the beginning of a robust transaction fee market, which requires that blocks be relatively full. If blocks are not full, then you end up with 1 sat/vb transactions and very little transaction fee revenue for the miners.
What's going to happen as the block subsidy gets halved again and again every 4 years?
Miners will become increasingly dependent on transaction fees for revenue. BCH and BSV have big empty blocks that don't encourage a robust transaction fee market to develop-- so there is zero risk that BTC miners leave BTC for BCH or BSV.
In fact, the opposite will happen: miners will continue to leave BCH and BSV and point their hash to the BTC network. That will leave BCH and BSV with even less security than they have today, which will encourage even fewer people to use them to use them, since they offer less security and slower final settlement.
Bitcoin is winning and will continue to win the money game.
Get on the winning team--
You'll be much happier and sleep better at night.
Stop looking for "the next Bitcoin"
Bitcoin is the next Bitcoin.
There is no second best.
Not investment advice! Consult a financial advisor.
Learn more about the Bitcoin halving:
https://www.youtube.com/watch?v=qoOfikLKbDY&ab_channel=BitcoinUniversity
Relative market caps:
https://coinmarketcap.com/currencies/bitcoin/
https://coinmarketcap.com/currencies/bitcoin-cash/
https://coinmarketcap.com/currencies/bitcoin-sv/
Craig Wright is not Satoshi:
https://twitter.com/BTC_Archive/status/1773644303811670437
SHA-256 hash calculator:
https://xorbin.com/tools/sha256-hash-calcu..
Get the Bitcoin course here:
https://www.bitcoinuniversity.com
In this video, I discuss the Bitcoin halving, and how the block subsidy gets cut in half every 210,000 blocks, or approximately every 4 years. The halving helps to strengthen the Bitcoin network, by weeding out inefficient miners, while leading us closer to the end of new BTC issuance and the final max supply of 21 million coins.
Unlike fiat currencies which are managed by central bankers, Bitcoin's monetary policy is programmatic and transparent. Everyone knows the rules of the system that they are opting into, and there is no room for insider trading and control.
The halving is also a good reminder of why it's important to keep Bitcoin's block size small. Limited block space helps to create a robust transaction fee market for Bitcoin that can help it to transition from a network mainly funded by new issuance (block subsidy) to a network that is funded fully by transaction fees.
This will become increasingly important as the block subsidy continues to get halved every 4 years. When a block is not completely full, it's still possible for people transacting to bid only 1 sat/vb. When blocks are full, that's when the transaction fee pressure ratchets up, and can help to replace lost revenue from the block subsidy declining.
Not investment advice! Consult a financial advisor.
What the halving is NOT:
https://twitter.com/americanhodl8/status/1772643558035534110
Mempool.space:
https://mempool.space/
My favorite Bitcoin data dashboard:
https://bitcoin.clarkmoody.com/dashboard/
Corruption at the Fed:
https://www.wsj.com/articles/dallas-feds-robert-kaplan-was-active-buyer-and-seller-of-stocks-last-year-11631044094
https://www.reuters.com/markets/us/feds-clarida-resign-jan-14-two-weeks-ahead-end-term-2022-01-10/
https://www.reuters.com/markets/us/bostic-acknowledges-accidental-trades-that-violated-fed-ethics-code-2022-10-14/
https://www.reuters.com/business/finance/fed-has-yet-face-final-reckoning-tw..
Join the private Bitcoin forum:
https://www.bitcoinuniversity.com/bitcoin-forum
Search all of my videos here:
https://www.youtube.com/@Bitcoin_University/videos
In this video, I discuss why millionaires need Bitcoin.
As we near the end of the long-term debt cycle, there are numerous signs of government finances in trouble and property rights being eroded. If you own only paper assets (stocks, bonds, funds, etc) and real estate (immobile and subject to jurisdiction risk), you may not be able to protect your wealth from a ravenous state and its irate citizens.
Bitcoin is the best way to protect your wealth from monetary debasement, censorship, and confiscation. BTC gives you optionality, since it can easily be taken anywhere (even in a brain wallet, by memorizing just 12 words).
If you are trying to solve for the problems that we have discussed in this video, don't buy a Bitcoin ETF. It will just sit there in your brokerage account along with your other stocks and ETFs, vulnerable to attack or freezing, while the real BTC is sitting over at Coinbase Custody, subject to a 6102-type attack.
Buy real BTC and hold it on a hardware wallet like the Coldcard, or Blockstream Jade.
Not investment advice! Consult a financial advisor.
Lincoln suspends habeas corpus:
https://www.gilderlehrman.org/history-resources/spotlight-primary-source/proclamation-suspension-habeas-corpus-1862
Executive Order 6102:
https://en.wikipedia.org/wiki/Executive_Order_6102
Private property rights being slowly eroded:
https://www.hoover.org/research/why-shoplifting-now-de-facto-legal-california
https://wpde.com/news/nation-world/ny-homeowner-arrested-after-changing-locks-on-alleged-squatters-report-says-nyc-adele-andaloro-flushing-queens-kathy-hochul-eric-adams-big-apple-abc-7-long-island-arrest-handcuffs-squatting-home-rights
https://twitter.com/Euristic3000/status/1213401472701997056
US debt/GDP:
https://fred.stlouisfed.org/series/GFDEGDQ188S
Great places to buy Bitcoin:
https://www.s..
Join the private Bitcoin forum:
https://www.bitcoinuniversity.com/bitcoin-forum
Follow me on Nostr:
https://primal.net/p/npub1s33sw6y2p8kpz2t8avz5feu2n6yvfr6swykrnm2frletd7spnt5qew252p
Follow me on Odysee:
https://odysee.com/@TraderUniversity:a
In this video, I highlight important Bitcoin news stories from the week that you may have missed, answer some viewer questions, and generally say things that increase my need for a personal security guard.
Bitcoin is the next Bitcoin.
There is no second best.
Not investment advice! Consult a financial advisor.
Chart of the tulip bubble:
https://amsterdamtulipmuseum.com/cdn/shop/articles/Price_explosion_graph_JPG.jpg
Cryptocurrencies by market cap:
https://coinmarketcap.com/
Amazing free Ethereum NFT:
https://twitter.com/bitcoin__apex/status/1774740324989997390/photo/1
Inside Iceland's Massive Bitcoin Mine:
https://www.youtube.com/watch?v=f0HC1Udk6-E&ab_channel=TechVision
Elon Musk Building Worlds Most Advanced Spy Satellite Swarm Network for US Gov:
https://www.nobsbitcoin.com/elon-musk-building-worlds-most-advanced-spy-satellite-swarm-network-for-us-gov/
Argentina Creates Mandatory Registry for Bitcoin Service Providers Operating in the Country:
https://www.nobsbitcoin.com/argentina-mandatory-registry-for-bitcoin-service-providers/
Bull Bitcoin's 'In Person Bitcoin Purchases via Canada Post' to Require Identity Verification:
https://www.nobsbitcoin.com/bull-bitcoins-in-person-bitcoin-purchases-via-canada-post-to-require-identity-verification/
How quickly FTX unravelled and SBF went to jail:
https://twitter.com/hodlonaut/status/1773406444588564869
Marx liked central banks:
https://twitter.com/TuurDemeester/status/1775981499898028498
Coinbase seems to lack good internal engineers:
https://twitter.com/davidmarcus/status/1775522894111740209
Bitcoin ethics minimalism and crypto VCs:
https://twitter.com/mattkratter/status/1776030442732601409
KC Cattle Company moves to a Bitcoin standard:
https://twitter.c..
Join the private Bitcoin forum:
https://www.bitcoinuniversity.com/bitcoin-forum
In this video, I discuss how bigger blocks can lead to a bloated blockchain, which can make it difficult both financially and technically to run a node.
When fewer people run nodes, the network becomes less decentralized, and more people are forced to trust tech companies with their transactions and with not pushing through changes to the code.
Roger Ver was wrong 8 years ago, and he remains wrong today, in my opinion.
Money always scales in layers, and Bitcoin is no exception.
Not investment advice! Consult a financial advisor.
Roger Ver Rage Quit Interview:
https://www.youtube.com/watch?v=oCOjCEth6xI&ab_channel=incredibert
Roger Ver kept very bad company indeed:
https://twitter.com/Mandrik/status/1774032223659831591
https://twitter.com/BTC_Archive/status/1773644303811670437
View the Bitcoin blockchain here:
https://mempool.space/
Map of reachable Bitcoin nodes:
https://bitnodes.io/
Many people outsource their Ethereum nodes to Infura:
https://www.infura.io/product/ethereum
When Infura goes down, Ethereum suffers:
https://www.theblock.co/post/84232/ethereum-infrastructure-provider-infura-is-down
How Money Actually Scales (Gold, USD, Bitcoin):
https://www.youtube.com/watch?v=TDvZ2z_z6sE&ab_channel=BitcoinUniversity
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, o..
Join the private Bitcoin forum:
https://www.bitcoinuniversity.com/bitcoin-forum
In this video, I discuss whether Bitcoin is too slow to be global money. I conclude that it is not too slow. Bitcoin's throughput is approximately the same as FedWire, which currently functions as the global settlement layer for the US dollar.
People who tell you that Bitcoin is too slow almost always have an altcoin that they want to sell you instead.
Want a faster base layer solution than Bitcoin? You'll have to give up on decentralization and neutrality and settle for a more centralized solution, which brings with it the possibility of censorship and capture.
The Bitcoin blockchain is becoming the new global money settlement layer, equivalent to FedWire today-- or moving physical gold around using boats and trains and planes under the gold standard.
Money always scales in layers, just as Bitcoin is scaling from on-chain to higher layers like the Lightning Network and fedimints.
Not investment advice! Consult a financial advisor.
BSV market cap:
https://coinmarketcap.com/currencies/bitcoin-sv/
BTC market cap:
https://coinmarketcap.com/currencies/bitcoin/
BSV tps chart:
https://whatsonchain.com/block-stat/tx_rate_per_second?days=90
BTC tps chart:
https://bitcoinvisuals.com/chain-tx-second
BSV blockchain size:
https://whatsonchain.com/block-stat/total_block_size
BTC blockchain size:
https://bitcoin.clarkmoody.com/dashboard/
FedWire annual stats:
https://www.frbservices.org/resources/financial-services/wires/volume-value-stats/annual-stats.html
US dollar is a melting ice cube:
https://www.visualcapitalist.com/wp-content/uploads/2021/03/Purchasing-Power-of-the-US-Dollar.jpg
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, offi..
Join the private Bitcoin forum:
https://www.bitcoinuniversity.com/bitcoin-forum
In this video, I discuss what makes Bitcoin ethical and nonviolent money-- unlike fiat money.
Bitcoin is a permissionless, voluntary system.
Don't like Bitcoin? No problem, you don't have to use it.
There are many problems with modern money (fiat money). It's really bad at preserving your purchasing power.
Modern money is also the funding mechanism behind all modern wars. The US has never paid for its modern forever wars with taxes. If it did, the population would rebel. Instead, the US just prints up as much monopoly money as it needs and exchanges it for aircraft carriers, bombs, and drones. Fiat money is the money of death.
Fiat money is also violence-- it's imposed on people at the barrel of a gun.
I never opted into the US dollar system, and yet I'm forced to use it. I'm forced to use US dollars to pay my taxes, or men with guns will put me in a metal cage. If I choose to use an alternate form of money like Bitcoin, then they hit me with capital gains taxes, in an effort to support their monetary moat. Is that how ethical, nonviolent money should work?
At the same time, I need to work hard to earn US dollars, while central bankers can print up as many USD as they need for free. Where's the justice in that? When Elizabeth Warren or Janet Yellen tell me that Bitcoin is bad, they never tell me why their money (imposed at gun barrel) is good for me-- which is why I'm going to assume that it's only good for them.
By contrast, Bitcoin is opt-in money. It's voluntary money. Don't like Bitcoin? No problem-- you don't have to use it. Like Bitcoin? You and anyone else are free to use Bitcoin. There's no license required. You can earn it, send it, receive it, mine it, without needing to get certified or approved by anyone. You don't need to open up an account anywhere. You can download a free Bitcoin mobile wallet and start getting paid in BTC. You could even just roll a dice and ge..
Join Bitcoin University Premium:
https://www.bitcoinuniversity.com
In this video, I discuss why BSV is the real Bitcoin.
This is obviously an April Fool's video. Craig Wright is NOT Satoshi.
BSV is complete garbage that will continue to trend to zero against BTC.
Bitcoin (BTC) is the next Bitcoin. There is no second best.
Not investment advice! Consult a financial advisor.
Worldwide freeze put on Craig Wright's assets:
https://twitter.com/BTC_Archive/status/1773644303811670437
"Craig Wright is not Satoshi" song:
https://www.youtube.com/watch?v=jxaG1q0DW74&ab_channel=JonathanMann
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
#BSV
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.
Join the private Bitcoin forum:
https://www.bitcoinuniversity.com/bitcoin-forum
In this video, I discuss whether Bitcoin is a shared hallucination or not.
I conclude that it fundamentally is not, since good money needs to have certain objective real-world characteristics like scarcity, portability, durability, censorship-resistance, and an ethical genesis (Bitcoin's immaculate conception).
Bitcoin is the best money in the world, and gradually everyone is converging to using it as the only money.
Not investment advice! Consult a financial advisor.
Bitcoin's ultimate price target:
https://www.youtube.com/watch?v=1ugK2waqCqM&ab_channel=BitcoinUniversity
USD losing purchasing power over time:
https://www.visualcapitalist.com/wp-content/uploads/2021/03/Purchasing-Power-of-the-US-Dollar.jpg
Lutefisk:
https://en.wikipedia.org/wiki/Lutefisk
Rai stones:
https://en.wikipedia.org/wiki/Rai_stones
Wampum:
https://en.wikipedia.org/wiki/Wampum
Laszlo buying pizzas with BTC:
https://en.bitcoin.it/wiki/Laszlo_Hanyecz
Places to spend BTC:
https://btcmap.org/
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 ..
In this video, I discuss the current movement to build shipcoins (altcoins) on Bitcoin, and how Bitcoin Magazine and David Bailey's other companies fit into this ecosystem.
To be blunt, it's a really bad look, with lots of conflicts of interest.
The Bitcoin Mag and Bitcoin Conference side provides legitimacy to JPEGs and tokens and SOB by "fostering open debate and discussion"--
While the other arm of David Bailey's empire invests in these scammy projects, selling rare sats, NFTs, while helping to build the infrastructure for new scams through projects like BOB.
This is a very stinky cheese indeed. Doing unethical things with Bitcoin, or on top of Bitcoin, doesn't shower you with magical Bitcoin pixie dust that absolves you of your bad behavior.
If you are a flagship media and investment property in Bitcoin, I think that you need to be held to a higher standard.
All opinions in this video are mine alone, and I may have misunderstood some of the intricacies involved. Please do your own research and come to your own conclusions. This video is directed to senior management and founders at Bitcoin Magazine and in no way is meant to denigrate the hardworking and honest Bitcoiners who may still be working there.
Not investment advice! Consult a financial advisor.
Examples of crypto premines:
https://miro.medium.com/v2/resize:fit:1358/1*TayypeN1nRVdmikXjuy4hA.png
Vitalik dumping ETH:
https://www.reddit.com/r/ethereum/comments/4g7l7m/ethereum_developer_vitalik_buterin_sold_25_of_his/
Solana Billionaire VC's Are Laughing At You:
https://www.youtube.com/watch?v=nBHH0k8EOHE&ab_channel=BitcoinUniversity
"BOB":
https://twitter.com/build_on_bob/status/1773010071917642182
https://twitter.com/build_on_bob/status/1773020228869406805
Bankless DAO token rekt:
https://coinmarketcap.com/currencies/bankless-dao/
BTC Inc and UTXO Management:
https://twitter.com/UTXOmgmt
https://www.utxo.management/
https://b.tc/
Cory's tweets about BOB:
https://twitter.com/coryklippst..
Learn how to set up your Bitcoin hardware wallet:
https://www.bitcoinuniversity.com/courses/76599-the-ultimate-guide-to-bitcoin
In this video, I answer questions about hardware wallets, recovery seeds, and how best to protect your Bitcoin private keys.
Not investment advice! Consult a financial advisor.
Watch this video first:
https://www.youtube.com/watch?v=heJEOV7KSj0&ab_channel=BitcoinUniversity
These videos can help you setup Sparrow and connect a hardware wallet:
https://www.youtube.com/watch?v=HLi8p9aTlBQ&ab_channel=BitcoinUniversity
https://www.youtube.com/watch?v=Q4gpVF-ATAg&ab_channel=BitcoinUniversity
My favorite hardware wallets:
https://coldcard.com/
https://blockstream.com/jade/
https://seedsigner.com/
https://foundation.xyz/
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
#hardwarewallet
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.
Join Bitcoin University Premium:
https://www.bitcoinuniversity.com
In this video, I discuss the latest GoFetch vulnerability on Apple chips, and what it means for Bitcoin cold storage.
This vulnerability is yet another reminder of why you should be using a good hardware wallet like the Coldcard or Blockstream Jade to store your Bitcoin private keys. Don't rely on non-specialized devices like phones or computers to do this for you.
Not investment advice! Consult a financial advisor.
Coldcard:
https://coldcard.com/
Blockstream Jade:
https://blockstream.com/jade/
GoFetch attack:
https://gofetch.fail/
Side-channel attack:
https://en.wikipedia.org/wiki/Side-channel_attack
Sparrow Wallet download:
https://sparrowwallet.com/download/
How to use Sparrow Wallet with a hardware wallet:
https://www.youtube.com/watch?v=HLi8p9aTlBQ&ab_channel=BitcoinUniversity
https://www.youtube.com/watch?v=Q4gpVF-ATAg&ab_channel=BitcoinUniversity
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
#Apple
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.
Join the private Bitcoin forum:
https://www.bitcoinuniversity.com/bitcoin-forum
In this video, I discuss accusations that the NSA invented Bitcoin as a way for "the elites" to herd people into CBDCs (central bank digital currencies).
All of the evidence points in the opposite direction:
Bitcoin is freedom money, and will probably be the best way to protect your family finances.
Not investment advice! Consult a financial advisor.
SHA-256 hash calculator:
https://xorbin.com/tools/sha256-hash-calculator
Mining Bitcoin with paper and pencil:
https://www.righto.com/2014/09/mining-bitcoin-with-pencil-and-paper.html
Trump told Treasury secretary to ‘go after’ Bitcoin:
https://www.washingtonexaminer.com/news/1785460/bolton-trump-told-treasury-secretary-to-go-after-bitcoin/
How to make a mint:
https://groups.csail.mit.edu/mac/classes/6.805/articles/money/nsamint/nsamint.htm
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
#NSA
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.
