Don't have enough time to sit down and read all the best Bitcoin articles. Well, let us read them for you. This is a crypto Konami quick read. What is up crew? Welcome back to the crypto kaname podcast. This is guys Swan coming at you from my Bitcoin blanket fort I am the guy who has read more about Bitcoin than anybody else, you know, and we have got a really good short one that just dropped actually Nick Bhatia sent me this article last night, I believe and I It really quick and while I want to go ahead and start off say I'm sorry about missing an episode yesterday had a of mine on bitcoin life and a lot of things to get completed and I just never finished the recording but I'm going to try to finish that one up today because gonna be out of town for the weekend and Monday and I want to have an episode for you guys on Monday. So hopefully I can get that done today. But again today we are reading a short one by Nick Bhatia. It was just really great and and hits hard a a key principle to why Bitcoin exists and if you don't know who Nick Bhatia is he kind of pie until he did he pioneered the concept of the lnr are the lightning Network reference rate. We've read a couple of pieces by him in the past. He's got like a thing as a three-part series I will link to those articles because they're a little bit spread out in the in the actual show, but I will find those episodes in link to those as well so you can Listen to and or read some of the great stuff he has done in the past. But for now, let's go ahead and read through this new article that he just dropped so we can talk about it and the title of our piece today again by Nick Bhatia is Bitcoin is a human right Amen brother. So without further Ado, let's go ahead and jump in. I have some upsetting news to all the naysayers doubters and obituary writers Bitcoin has recovered from yet. Another supposedly catastrophic price collapse Bitcoin is now 10 years old and graduated long ago from Shady internet drug money to full-blown asset class and savings vehicle. The trouble with Bitcoin is that it's complicated to grasp it took me months to half understand and is so multifaceted. Only a rare individual can claim to fully understand Bitcoin. I tried to boil down three years of learning into a handful of analogies for the Curious Bitcoin beginner. This article is written for pre Corners a word used to describe people who don't own or use Bitcoin yet. I attempt to answer the fleeting question millions of pre Corners around the world keep asking what exactly is Bitcoin. Bitcoin is money Bitcoin is a land grab Bitcoin is a game Bitcoin works like email and last but not least Bitcoin is a human right? If you can absorb these five definitions of Bitcoin, I have confidence. It won't take long to shed your pre Corner status and don't forget you can buy a fraction of a Bitcoin. Bitcoin is money. Despite unprecedented levels of price volatility throughout its young life. The coin has strongly demonstrated its ability to be used as money around the world. No, you won't necessarily be able to buy a house car or meal with Bitcoin everywhere you go yet, but you can buy the most useful good of all US Dollars robust markets to exchange Bitcoins for dollars euros and Amazon gift cards are currently flourishing around the world. If you have a gold coin, you might not be able to buy dinner with it. You're certain to find somebody who will exchange it for dollars Bitcoin Works identically several million people around the world already own Bitcoin in order to store wealth. They are the early adopters of Bitcoin as a new form of money. Bitcoin is a land grab. There are only 57 million square miles of land on Earth. Similarly. There will only be 21 million Bitcoins Mark Twain once said quote by land. They're not making it any more end quote and Bitcoin should be thought of in the same way Bitcoin is scarce just like the amount of land on Earth as more people move from the world of British pounds Japanese Yen and US dollars to the Bitcoin World Bitcoin land will only Get more expensive and harder to find people who don't own Bitcoin in the future will face the consequences of having to borrow Bitcoin in order to use it much like people that don't own property renting from landlords. The land grab for Bitcoin will continue because people companies and governments will realize they cannot afford to be Bitcoin renters and not owners Bitcoins price has risen over the long term because people are treating Bitcoin like Prime real estate business. A coins price has risen over the long term because people are treating Bitcoin like Prime real estate. There is no single gatekeeper in Bitcoin world making every human being a potential property owner ownership will become more difficult and expensive as the Bitcoin world gets more crowded. Bitcoin is a game. But how does it all work if Bitcoin isn't backed by any government who controls it? These questions can be answered with the analogy of Bitcoin as a game every game has a set of rules all players must follow Bitcoins rules were created in 2009 and are continually enforced by thousands of players every 10 minutes on average. One of the rules Bitcoins rules for money creation and value transfer have proven. Stream Lee reliable over the years which encourages more people to join the game. You can play the game by downloading software to your computer or phone. Nobody is asking you to learn all the rules to Bitcoin today, but you must understand that there are rules just like any sport or video game. Bitcoin works like email Everybody uses email you might not understand the computer science behind how it works. But the simple concept of sending and receiving email is universally understood email addresses can be shared with anybody. But only the password holder can access received messages Bitcoin Works in a similar way. You can share your public address with anybody sending you money. But only with your password called a private key. Can you spend it? Bitcoin received criticism for being difficult to use but in reality people just aren't used to it yet in the near future understanding and usage of Bitcoin will be as ubiquitous as the understanding and usage of email send and receive. Bitcoin is a human, right? Buying coffee with Bitcoin and California isn't revolutionary but buying food with Bitcoin in Venezuela to survive is with a savings vehicle like Bitcoin every person in the world can now store money safe from seizure and censorship by corrupt governments Bitcoin is an alternative form of money when that people should have the right to choose for themselves billions of people today have access to send and receive information. Nation via the open internet tomorrow billions of people will have access to send and receive value via the Bitcoin network access to both should be considered basic human rights. If communicating on the Internet is freedom of speech Bitcoin is freedom of speech money. Alright, let's hit our sponsor real quick. And then we will go over and dig a little bit deeper into these analogies and drive home. The argument that Bitcoin is a human, right? For anyone who has a podcast anchor cannot be beaten particularly for trying to get off the ground their entire platform is free. This includes unlimited hosting both in audio that you upload and how much your listeners download. I have uploaded an incredible library of audio now and I've never paid anchor a dime. In fact, they connect me with other sponsors and have run an ad consistently on my show. So they've paid me for exposure to my audience that's really hard to beat even if we ignore that I can record directly in the app or my browser. I don't need any other software. If I don't want it I can edit at sound effects clips and they automatically published to all of the top podcasting platforms. I never had to do a thing. So if you were thinking of starting a show or already have a podcast, there's no better platform out there check out anchor by downloading the app. to Anchor dot fm today All right. So let's dig into these analogies a little bit again. This was a bit piece by Nick Bhatia. It was titled Bitcoin is a human right and I will link to this as well as the Twitter page so you can follow Nick Bhatia on medium. This is one of his medium posts. You can follow him on medium and Twitter his tag on both is time value of BTC and don't forget to drop some major Applause on this I will link straight to this. Article as well. This really was just a great little introduction to a couple of concepts of what Bitcoin is and what makes it valuable the internet of value to speak and why why is this like what is this tool exactly in from succumbing from our perspective from someone who's never seen or heard about Bitcoin? Well, they've heard of it but you know, it's just internet points to anybody who doesn't it hasn't gone down and asked what exactly is Bitcoin. Why does it exist why the hell hasn't it died in 10 years? How could something so seemingly ephemeral so so abstract actually survived the test of time but anybody like for the people who listen to this show like, you know, I'm a sucker for good analogies. So let's do some digging into these first Bitcoin is money. That's obviously it's First use case. That's this how it's designed that it's that's what it's designed to do and the role that supposed to play but then you immediately come into a question of so what the hell is money and most people like their is there really is not a foundation there if it's not a government money, then it's not money at all and nobody stops and asks why I like what is money as a tool? What does it do for society? And the truth is is a networking technology. It's a it's a technology that solves the barter problem The Coincidence of wants problem. It's very very similar in use within a society as language language is always a great analogy for understanding what money is so for saying Bitcoin is money. Well, we immediately have to ask. Well what the hell is money it's a language a language allows us a standard that allows us to communicate and Exchange information unambiguously or as unambiguously as possible in the sense that I can explain. I have some vague like undefined idea in my head and I am making a bunch of noises and you're listening to it. It's going in your ears and hopefully creating the same vague Define Loosely defined thing in your head closely enough to what's in mine as to be useful as to be able to apply it to the world. This be able to look at the world and apply the relationship that I was trying to explain to something that you are seeing to look at Bitcoins who read about it and take the ideas that I've shared it. Someone else has shared with you and apply them in a meaningful way and that's what language does like imagine. Imagine trying to get information to you right now without language. Like this is an audio format. The whole format of audio is completely Listen without language. Like what we are essentially doing is I'm you know, making a bunch of Grunts and stuff that only because you have the same set of language rules quote-unquote, the definitions of all of these words in your head the symbols that they relate to for real things in the real world in real relationships. Can you put these Concepts back together in a meaningful sense? So language is a brilliant networking tool to communicate ideas. in that same way money is a tool to exchange and communicate value unambiguously and by doing so it's a good in the economy, which is universal just like a language in an economy in a subset of an economy because you know, there's always limits to networking and how well you can standardize across, you know, barriers and stuff particularly barriers of time because language is moved blahblahblah, but Bitcoin is a It's an incredibly unique and like pointedly designed money in the sense that every money that has come about came about before simply because it had most of the properties of money and it fulfilled the role for a specific amount of time. We've never had a money that was really designed properly to be an independent money because kind of always with the design feature. Quote came with its ability to be corrupted like the like Fiat money the Fiat money being for any new listeners Fiat money being government money government money by decree. You will accept this as money because I say you will and you know, you'll be shot or put in jail if you don't but the the purpose of money is to secure trade without having to know or trust the people you're exchanging with you can trust the value of the Money rather than the value of the other person's promise or the a good that you may not want right now. That's the whole I mentioned something called the double coincidence of wants if we all had to barter imagine how ridiculously complex and and just impossible it would be for basic trade. Imagine. If I am a person who's really good at cooking and making food like say sandwiches and your person who It's a house and you're trying to sell a house to me. How the hell do we make that Arrangement? Do I make a million sandwiches and give you a million sandwiches. They're gonna be rotten in like they're just utterly disgusting in like three days right like so I can't do that. Do we make some sort of an agreement where I'm just always going to be in that town and you're never going to move and then I'll just make you sandwiches for the rest of your life. Now. We have this huge restriction, and you have to trust me to keep that promise in a year. Maybe I'll just peace out of town and you'll never see me again you gave me The value of a house, or maybe you just really want shoes or right now how the hell like all I do is make sandwiches, right? So what do I got to go find somebody to trade sandwiches for shoes? And you know, maybe it's a hundred thousand pairs of shoes is the equivalent of the value of your house. So now I'm like what you don't need a hundred thousand pairs of shoes. You need one pair of shoes maybe to like it's so what what I could get to get a thousand ten thousand other things that all together Other combined to the immense value of a house that you've built the it's it's just absurd and because of that you cannot scale trade. You cannot scale a market past simple utter basic and non-scalable barter just straight like okay. I know who you are. So we will I will exchange like my time for your time. It is money the universal good that allows us to cooperate with somebody in China. China with somebody on the internet who we've never spoken or conversed with we have no idea how well they're going to keep their promises. We don't know anything about them. They could be shitty people. It doesn't matter as long as we can secure the exchange of value. Well, then, you know, I don't have to I mean think of the immense efficiency that a market creates by like just look around your room or your Place your car wherever you are right now look around and think about what you have what you are in control of or in ownership of right now that you could actually make on your own without trading for it without trading for the resources The Goods the materials. Nothing. Try to make a pencil try to make try to make a TV you realize we only have these things. We only have this immense wealth because We can trade we can easily and efficiently trade with someone else an independent good like money to get it and that money doesn't die. That money doesn't lose value its characteristics are consistent. My sandwich is wrought my house falls apart and I have to maintain my my skills are variable over time. My my trust and reputation is variable and usually very fleeting if Look think of all of the things that have value and how inconsistent all the characteristics of those goods are. That's what money fills in it's the one thing that doesn't degrade or rot over time. It's that one good that can be aggregated into huge amounts or into really small amounts and it's worth roughly the same amount like a hundred thousand sandwiches is not worth a hundred thousand individuals. Sandwiches like in combination who the hell ever wants a hundred thousand sandwiches all at once. It's essentially worth three sandwiches. However much you can eat or it's worth it to an entire huge group of people like so in aggregate like the finding something that is just as valuable with a hundred thousand units as as it is with each individual. One of that hundred thousand is almost is almost an impossibility. It's kind of a Fascinating thing that we have something like metals like silver and gold that one ounce of gold is the same as one other ounce of gold anywhere and that 10 ounces of gold is worth 10 1 ounces of gold like like that's like everything there's not really any other Goods that have that characteristics. It's a crazy unique thing in the economy that makes it a brilliant tool for this universal language of you so all of these properties just make the secret what makes money good like what makes money such a useful tool is it encourages honesty and cooperation between people who don't have trust and don't have a relationship with each other and that's the only way you can scale Society because there's no way that we can know and understand and have some manage the Motional relationship with thousands tens of thousands millions of people. In fact, we have a rough idea that we can pretty much only do it with about a hundred fifty s called dunbar's number which is why for millions of years literally like the idea of human or eight Homo sapiens Homo erectus, like Society quote unquote. We're just families. They were small communities. They were tribes because it could not not scale past that until the invention of things like Universal languages and Universal money. So that's how Bitcoin is money that was a that was a there's a bit of a steep rant. And if you've just been introduced to these ideas, it could be hard to follow but Bitcoin is designed to have these characteristics Bitcoin has these characteristics better than anything else. It's a digit. It's a it's a digital unit. Therefore obviously every single one is equal to any other one. It's like that's the term is called fungible. And so the units are indistinguishable from each other. Of course, it doesn't degrade or rot. Like a Bitcoin the beginning of the blockchain or and Bitcoin at the end of the Block Chain. Like it doesn't matter where or when in time like it's the same unit. Like it doesn't look like you lose money out of your account and the best evidence like the the proof that Bitcoin is money is the Tons of people use it as money. In fact, he says Nick body is says in the article that you won't necessarily be able to buy a house or car or a meal people do that all the time. He says won't necessarily but you can there are houses for sale in Bitcoin. There are Tesla accepts Bitcoin to buy cars. I've bought many meals with Bitcoin before and there are also plenty of services where I can buy gift cards or just generic debit. Hard like those like the one time use debit cards or whatever where you can just refill and spend like that. You can just use those and fill those up with Bitcoin gift cards all kinds of stuff. I use it pretty regularly. Actually. I try not to because it's my I consider it my savings, but I'm now most of my donations for the show. I'm it will all of my donations I take that back pretty much every single one of my donations come in in Bitcoins. So I use it. Like to keep the show alive to make expenses. Sometimes I cash it out two dollars most of the time I have some other means to just spend it on the service or whatever it is. I'm using I use it as money all the time and it works great as money and it doesn't lose its value. In fact very often. I find I get some Bitcoin like I got donations from the Raleigh Bitcoin crew not too long ago, which was just amazing. They went around and collected money from a bunch of different people and send it to me and it was worth like I think Five hundred dollars or something at the time and I've just been holding on to it like trying not to keep my expenses as low as possible and a couple of months later here. I guess like three or four months later. It's worth like 1,500 dollars. Like not only did it not lose value not only did my money not rot. My money has held has grown in value substantially over that amount of time. But that immediately leads us into a question of why why does its value growth? And that goes to the analogy that Bitcoin is a land grab. Bitcoin is scarce. And that's an incredibly difficult thing to wrap your head around. It. Seems simple seems dirt simple. But think about anything else that you can compare it to. Everything out there even Mark Twain's quote by land because they're not making it any more. It's actually not true. You can get more land you can get has more habitable area by, you know adding stories to your house. You can build a skyscraper and even as costly and as obnoxious as it sounds you can you know, you can build a seasteading or a cruise ship live in a boat and you can I build a moon base for crying out loud. You can build space stations, but there is more land it's just incredibly difficult to obtain. So it's quote-unquote inflation rate is really low, you know building a skyscraper is not a cheap Endeavor. But if we want more land if we want more habitable living space we can always make it. And that's pretty much true of every other thing that we know of in existence. We can even do it with gold we can radiate gold. I mean, excuse me, we can re-radiate like Mercury or lead knock off a couple of neutrons and turn it into gold legit. It just takes so much more in resources and energy cost than it does to just buy the equivalent in gold or get the equivalent in Gold some other way that we don't do it kind of the same wood land really is that you know, you don't see any Version some ho dunk like rural town you cease Christ skyscrapers and giant cities because the land has gotten so valuable that it makes more sense to create new land upward than it does to buy land outward. But in Bitcoin there is no alternative. There is no other way to create it. There is no let's just build the number of Bitcoin vertically instead of horizontally. Bitcoin is the most scarce good That could literally ever be because it's perfectly scarce. It's set by a set of rules. You cannot create any more of it. It doesn't matter how much energy we throw at. It doesn't matter how many computers we throw at it. In fact it adjust based on how hard we are working to create it and if we multiplied 10 times the number of supercomputers that we are putting towards Mining and creating new Bitcoin. It would not change the schedule a tour. The difficulty would just adjust and we would continue to get the same amount of Bitcoin at the same schedule as we always have. That's a fascinating concept and there is no other good that has that property that no matter what we do. We cannot get more outside of the strict rules and that makes Bitcoin the hardest money and explicitly 21 million units of a straight-up land grab and when people start to understand the incredible potential of Bitcoin as a technology and then at the same time begin to e-exactly its nature of scarcity how scarce perfectly so that it actually is I think the idea of a phrasing things phrasing that idiom as a land grab will be retired and we will start calling things a Bitcoin grab from there on out because I think we will see fomo like we have never seen before once people realize the potential of what an independent technology like a Independent standard like this can actually do because because it's based on a set of rules that simply can't be cheated. If you aren't it's just a matter of if you aren't following the rules. You're not playing the same game you simply aren't on the network. It's like if you change the definition of a word in a language, imagine of language was completely unambiguous that definitions were absolutely objective and everybody understood. Every word exactly the same way and then you try to manipulate the meaning of violence or the meaning of the word capitalism or you try to twist a good word a positive word into a negative word or something like that that instead of confusing people. You were simply not speaking the same language anymore and no one would could understand you. That's how the Bitcoin rules work. And that leads us to the next analogy Bitcoin is a game. this analogy I think is one of the most enlightening in an effort to visualize one of the most abstract ideas or aspects of the system that no one controls it that's really really hard to wrap your head around particularly when you don't have prior, you know, any prior basis for like a peer-to-peer or networking type technology very Similarly to how no one really controls a language like certain people might be able to influence or alter language in a very slow way. But you know, like even like Webster's Dictionary couldn't come out and just like alter the definition of 50 words and everybody be oh my God shit. Now we gotta use these words this way like no I'm like, they wouldn't it would have no effect people would just probably just be a big like viral thing that Webster's Dictionary is a idiots or they just don't know the definitions of the words make no one would even question that they were misunderstanding the words. It would be that Webster's has screwed up. So who owns it who is in control there? If you can't change the definition without some sort of social agreement, like everyone has to know and move in the same direction essentially at the same time. And the game analogy for Bitcoin is particularly because it is particularly good because we usually think well, there is an exception there is because when you think of a game you kind of think of the rules is being sometimes difficult to enforce is you think of like judges or like a referee that you know could make a bad call or they have to get together and review the video kind of thing. And that's one of the beauties of Bitcoin is that Bitcoin is a set of rules a game very much like a sport or something. But there is zero subjectivity in the rules. It's it's an electronic game. It's a game of Finance and Accounting. So as long as four plus four equals eight. Those are the rules the rules are who is the owner of the rules are what are the rules like what are the restrictions on how you can use this thing? And Who has signed it and does the accounting add up there is no ambiguity in it. In fact, everything can be perfectly verified by any single person in the world anywhere and it doesn't matter on what machine or operating system they are on it will always verify to the exact same outcome. It's as if literally everyone in the system everyone who runs the software is both a player and And a referee and they can verify for themself. They never have to worry that a judge has made a bad call or if they're ref is made a bad call because they check it themselves. They review the video and there's never a question. There's never like oh, maybe it was over the line or something. Maybe four plus two equals seven. No four plus two equals six all the time every time it's based on math. It's the most easily verifiable thing ever and It's so it makes it because it's a set of rules. It's as if it's like a financial Court imagine imagine when you when we're talking about the fact that this thing is independent that it's based on every participant verifying and actually running the rules themselves. And there is no ambiguity in this thing. We're talking about a system. It's like a court. imagine if you had a court case that No matter which judge you put it in front of no matter which court no matter which jurisdiction no matter if no matter the political or social environment that you could put this case before anyone in the world. Like your judge could be a 12 year old kid in the sentence the outcome the the rightful owner every aspect of the conclusion of that case. Was exactly the same no bribery know like social tensions. No corrupt judge. No, no corrupt political atmosphere. None of these things. No president. No insurance agency. No regulatory agency. None of them could contest the outcome of that case. imagine how valuable a global system that could pull that off would be Now imagine that that that entire system holds the value of your money. You never have to worry about an agreement. If you long as you hold the keys as long as you hold the instruction the very specific password, the private key that says you own Bitcoin. There is no judge Court president anyone ever anywhere in the world that can contest the fact that you own it their only hope Is to get the keys if they don't have the keys Bitcoin does not care who they are. How valuable would just that aspect of it be now think that you can actually like these these rules you it's playing a game like you have a set of restrictions, but within those sets of restrictions you can do whatever you want. You can write you elaborate contracts. You can write agreements that are time delay that require something else to happen first require multiple people to get in together. Like it's a programmable atmosphere. It's a System that can be customized for escrow for a housing contract for loans, like collateral back loans, like the number of things that can be built with this. It is truly the internet of money the internet of finance and its Global has no jurisdictions in can't be cheated in any way because it's rules are easily definable. You can run the whole thing on your personal computer. Every aspect every validating rule everything that keeps the whole network honest. You can run on your desktop computer. Think about how powerful that system is. And when we talk about owning Bitcoin in the system, when we talk about that private key that he mentions we're talking about. It's a simple sinden receive system. It's not unfamiliar. It's just like email in that sense. I mean, yes, it might look and feel unfamiliar because the process is a little bit different but it is essentially the same if you ever seen that Good Morning Good Morning America clip from like the 1990s or like Or something like that when they're like showing an email address up on the screen and they've got like that the @ symbol and they're like, are you like going back and forth over what that symbol means? It's like at or and around about or something. I can't remember exactly what they say. But it's just hilarious to listen to them something that we're so unbelievably familiar with today to realize that there was somebody who looked at that for the first time and was just like I have no idea what I'm looking. Looking at and they try to make sense of it. It's it's it becomes clear that like the system of Bitcoin is is as simple as using email. It's sending and receiving based on your singular access to your email or your Bitcoin addresses. You send to a public address that belongs to somebody else. And then only the person with the password can send something back can send that to a new address. Except in this case. We're holding value or holding money inside of these addresses as opposed to just information and messages but it is wholly dependent on the holder of the private key. So again, if you don't have the private key, it doesn't matter who you are in the whole world. You can't you can't fake the private key. That's the Brilliance of the cryptography. I urge you to listen to Der Gigi's 21 Lessons Learned down the Bitcoin Rabbit Hole. There's a great section. I have read it aloud. Loud so you can listen to it on the show or go to their GG.com. That's another great one to be digging into but there's a whole section on the security of the cryptography and it's just really really fun. So I encourage you to listen to that one. But if you don't hold the private key, there is no hope like you can't you can't degree decree it and make you know, go in and change you would literally have to change the actual software on every single computer all On the world that runs Bitcoin simultaneously to get it to change the rules and you still wouldn't be able to do it without everyone knowing it would be clearly obvious. You would be like if you had one copy of the old software you'd still be able to run the old system and you would know what would be obvious even even if you just even if you just updated it. You would still just be able to look into the history and see that it was broken that it was that somebody cheated the system essentially an Turn all the rules but obviously that's just a hilarious claim that no one could do. Like how would you how would you go and how did you even find all of the computers are running Bitcoin tons of nodes now running over tour, so they're completely Anonymous on the network lightning nodes and Bitcoin nodes. I mean, it just it's so infeasible as to just be silly. And that leads us to the last point. Bitcoin is a human, right? And I love this like little quote right at the beginning straightforward buying Bitcoins. Excuse me. Buying coffee with Bitcoin in California is not revolutionary buying food with Bitcoin in Venezuela to survive is Bitcoin. This is this is what Bitcoin truly is. It is an independent money that does not care. About any individual jurisdiction it can it is safe from seizure and censorship by even the most corrupt governments as long as you can maintain your privacy mean obviously they can come to your house and be since listen, you know, try to get your private keys. But again, they have to get your private keys. And this is what it's about. It's about creating. So many people I think just either completely misunderstand or don't even think about what it means to own the printing press to money. It is a violation of Human Rights. If you own your body if you own your time in this world then for someone to be able to print your money. Is a vis maze they are making you a slave because the point of money is to secure the value that you've already produced. If you spend days on end, if you spend weeks building yourself like a small house. Do you not own that house? You built it with your property your hands your materials. Do you do not own that house? Or you own the value of that house, you can sell that house obviously, but that was your time. That was your blood you run out of time on this world. The only other thing this is scarce as Bitcoin is time we run out of it. And that's why it's critical that it's ours. Like I have the right to me. Like I own my body. Do you like what exact which of your rights which of your hours in the day? Do you think Someone else should be able to force you to use for them and be like how many hours of your day do you do should I be able to command? Obviously none right you own your body. You own your time. You own your life. Those things are are your value is your time your body your skills your life. Those are the only things you can use to produce value, which means that if you do not then own the value that you create. You never owned any of the things that it took to create them. You never owned your time. You never owned your body. You never owned your vision of the world what you are trying to create in the world to the betterment or the good that you are trying to create if someone can take your value from you. By confiscating your money were controlling what you can do with that money. Then they are the ones who control the vision of the world. They are the ones who decide where your value is directed what things you build in the world. Maybe you want to build homeless shelters. You want to help somebody or you want to make things better, but they confiscate that value and build prisons. They build guns to censor opinions that they don't like That is your value. That is your time. That's your life that they used to fund that. Our money is our extension of our life. If the ownership of our money is controlled by someone else then it means that our lives our goals and what we see to do in our life what we seek to build in the world is being controlled. And I love the idea that communicating on the Internet is freedom of speech transacting in Bitcoin is is Free Speech money, its freedom of Life its freedom of value. It's for you to command who you are and be responsible for that wholly and completely that you own your body your time that you make the world as you see fit. And as long as you aren't violating someone else's life or rules, like as long as you aren't trying to contest on This is right Bitcoin or the value that they have obtained. Then you you fully own yours. And and it's the it's the essence of the right to life liberty and the pursuit of happiness. As long as we are not infringing upon the rights of others and everything is derived from the fact that you own your body and your time and it only makes sense that you own it. How could anybody else own it? You're the only one in control it you can control it. I can't I can't move your arm. Without doing something terrible to you or against your will or getting your consent. Like you wake up and you have your arm already at the beginning of the day. It's yours. You have your time. It's yours. I can't take it from you. It is a great evil to consider if anyone owns it. It has to be you if somehow someone else owns that time that life that arm of yours. How did they get it? Think about it. It would be silly to suggest that you are. So low that you don't own your own body or your own time, but that they are so high they do own their body in their time plus other people's how absurd is that and based on what possible objective reasoning should they be able to command your body did they should be able to tell you what your your habits are your choices are how you spend your time and your day and what you seek to build in the world? Long as you're not getting in someone else's way as you're not as long as you're not stopping the rights of another person who could possibly say that they get to direct your life and choices for you. And that's why that's why Bitcoin is a human right? Because if if we have any rights if we own our life, whatever. Then we own the value that we create with that life. We own the ideas in the skills that we have in this life. We own what we decide to do in this life, which means we own its value. We own Bitcoin. And to be against that right as a human is simply to be for slavery as long as you agree with it, as long as you agree with the reason why and I think we're better than that. We should be better than that. And for those people who aren't better than that, we will build systems like Bitcoin that make it not matter that they're bad people. We will build systems of cooperation that secure our value and our human rights regardless of how little all they respect it. And they will not tell us that we can't. That is the philosophy. That is the essence of what Bitcoin is a system. It is the human right to own your life and value written in code. And that should close out our day. Wow, that was a hell of a rant for a 4 minute piece really great piece though. Hopefully I didn't overwhelm anyone who just got here, but this stuff is absolutely fascinating to me and I thought this was a great great piece here for the end of the week by Nick Bhatia again. Do not forget to check him out. Do not forget to drop some major Applause on this article and if you're interested in Continuing to go down the Bitcoin rabbit hole. If you're new here, don't forget to subscribe. I am at the crypto Kana me. I'm guy Swan the guy who has read more about Bitcoin than anybody else and you can find me on Twitter. This is this is how this show works, you know, like we we explore all of the principles the philosophy the technology we dig into how this thing works like the ongoing development that's happening in this space and And for my my listeners out there, I know you guys I know you guys probably know that one other person who's interested in going a little bit down the rabbit hole. This might be a good one to start from hopefully my rant wasn't a little bit too intense for anybody and I kind of get that way. I'm passionate about this, you know life is way too short to live without conviction. I read that recently and I like that quote so I'm using it and so yeah and there is there a little there are few things in the world that I have as strong a conviction about As Bitcoin and the future that we're building here and I think it's just because I'd you know, like I said, it's a human right and like I'm I'm here for the human rights aspect of this. I'm here for the Liberty that this gives back for the Privacy that this is going to recreate in the digital realm finally like something that I thought was gone in in the in the future like we thought we would just lose it and it's just crazy to see What really is possible out there and like what were you're getting to build and what we get to be a part of a huge shift in society is happening and it's happening here. It's happening now and you know I get to spend every day digging into it and exploring it and I hope you guys find this valuable because I love it and I love you guys. I'm so excited that you guys have joined me here that like you find your as passionate about it as I am. It's just it's been a absolute. Crazy amazing ride and I love it. So thank you guys so much. I am guys Swan at the crypto economy. Don't forget to subscribe to the show on all your favorite podcasting platforms were out there everywhere. And yeah until next time stay free out there guys, and I'll catch you on the next episode of the crypto kaname podcast. Take it easy guys.
Finishing this week out with a short but wonderful introductory article by Nik Bhatia. Bitcoin is a money, a game, a land grab, works like email, and ultimately, Bitcoin is a human right. My discussion afterward may have gotten a little out of hand with a 40 minute follow-up to a 5 minute article. But when a good article sparks great ideas, sometimes its just hard to stop. ;)  Today we read and discuss Nik’s excellent piece, “Bitcoin is a Human Right” https://medium.com/@timevalueofbtc/bitcoin-is-a-human-right-ff48c0b31134  Don’t forget to follow Nik Bhatia on twitter and medium and check out his other great work: https://twitter.com/timevalueofbtc Check out the other great pieces of Nik's we have covered on the show in the past:  The Time Value of Bitcoin: https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_143---The-Time-Value-of-Bitcoin-e2ndq2 The Bitcoin Second Layer: https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_132---The-Bitcoin-Second-Layer-e2ndqd The Business of Bitcoin Cold Storage: https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_182---The-Business-of-Bitcoin-Cold-Storage-e2ndoj The Bitcoin Risk Spectrum: https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_109---The-Bitcoin-Risk-Spectrum-e2ndr7  ---   This episode is sponsored by  · Anchor: The easiest way to make a podcast. 