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I was at a conference recently. I was the keynote speaker but had zero talk prepared as usual. I asked the audience: I can talk about entrepreneurship or I can take fifteen minutes to explain Bitcoin without using any technical jargon. Clap for which one you want. People are hungry for this.

They just want to know what all this Bitcoin stuff is about. It was very hard. I had to develop the store from scratch since there were no easy tools to help me. Once I launched it, quite a few people bought my book. I sold a PDF of my book for 0. I sold many copies. Another thing worth noting: Most of my customers came from one domain name they had to submit their email addresses for me to process the sale: Make of that what you will.

A few months ago I started writing about cryptocurrencies again. I saw so many people getting involved in scams, I wanted to help. In order for crypto currencies to succeed, people need to understand at a basic level what they are. Nobody needs to learn complicated cryptography or blockchain. Just understand these two reasons.

Then you will know the potential for Bitcoin. And you will be popular at cocktail parties. Barter has a lot of problems. In the above, coming up with the rice to shoes exchange rate is difficult. Then coming up with s of exchange rates just to go out and buy groceries is almost impossible. PLUS, what if you have to move your kingdom is attacked.

How are you going to carry all that rice? All of those shoes? So the scarcity combined with the lack of forgery makes them good choices for money. I can convert my rice into gold coins, you can convert your shoes into gold coins, and now we can trade and now we can buy whatever we want. If my kingdom is attacked and I have to move, gold and silver are easily stored and carried as designed jewelry.

Now you either have to trade for gold or start attacking countries: What if you wanted to buy a house right now: Or if you have to move to another country and you have a lifetime worth of savings: This is not really true. Gold is a rock. But it does have industrial uses silver is better for this because of price but still…. Can be used as antibiotics hence great for fillings on teeth.

Countries made paper money that was like a contract with the government that all of that money can be converted into gold. This was great for store of wealth put the money in a bank and you can go anywhere. The first banks for paper money backed by gold helped fund every war in Europe in the s. When paper money is backed by gold it also puts a clamp on inflation.

You only have as much paper money in a country as there is gold in that country. So you can trust the government to not go crazy printing money that is not backed by gold like German in the s when trillions of Marks were printed and Germany went into an inflationary death spiral that was at least one cause for World War II. BUT, why benefit the countries where gold is easy to mine and punish the countries where gold is hard to mine.

Also, the world is expanding in every way: Germany above but sometimes countries need to balance debt with money printing to manage their fiscal policy.

The US went off of gold in the early 70s in order to fund the financial needs of both the Vietnam War and the social improvement programs of Lyndon Johnson. Again, might be good or bad. Did money printing save the US in and ? Or will their be future problems caused by this? So that means your bank knows. Other banks know the bank you are sending money to, the Federal Reserve, the local Reserve bank, etc. Potentially sites like Google and Amazon know depending on what payment services you use and what you are buying.

If I send a friend in Korea money, I go through my bank fee , local reserve bank fee , Federal Reserve fee , International wiring system fee , their central bank fee , their local reserve bank fee , their local bank fee. Those fees help create inflation because every transaction needs to have a profit on top of those fees. There are so many opportunities for human error. When you transfer money, they can send to the wrong account. Or, most importantly, the Federal Reserve in the US can decide to print another trillion Like and, without your permission, the value of your dollar has gone down.

Russia in was wiped out. But the reality is: Just like gold is just a rock. They put George Washington. There is a fixed supply of 21,, coins. How do I know this? So I read the software behind Bitcoin. I read it over and over until I could figure it out. I found this by reading ALL of the code for bitcoin. Like with every other form of currency, an exchange like a bank that stores your Bitcoin can be hacked and money stolen.

BUT, I only keep a small amount of money in an exchange. You can get a storage drive, store your money, and put it in a safety deposit box. So even if the exchange is attacked, you still have your money.

ALL theft can be prevented this way with Bitcoin. I can send you a Bitcoin and nobody knows who is sending it, who is receiving it, and no government institutions are aware of it. Some bitcoin transactions have small fees. And ALL of logistics will be replaced by Bitcoin e. UPS is replacing all of their internal logistics tracking millions of packages every day going from millions of locations to millions of other locations by Bitcoin technology.

Hence the need for other cryptocurrencies. Suffice to say, Bitcoin solves all the basic problems of paper money, which solves the problems of gold, which solves the problems of barter. A known fact is that, on average, the moment when a doctor is most effective is his or her first year out of medical school. After that, statistically downhill.

Now when if you go to a doctor, you get tests. We even get genetic testing to see if our illness is in our chromosomes. In the Bible, whosever God was stronger Baal versus Yahweh being a notable Hebrew battle , that group would win the war. Fragments of this exist right now: For the past years, whoever had the most humans on the ground, the most bullets, then the most planes, then the most bombs.

War is being fought every day now. Every day, some country tries to bring down the electric grid of Poland. All of the employees were top Phds who were the experts in their fields.

Where do they come from? They come from everywhere. They are just smarter than us. Dataism has taken over war. A picture of Independence Hall.

Or the White House. Anything at all so that we trust humans with what we are given in exchange for the hard labor we do every single day. Do we trust humans?

I tend to trust humans. But that is maybe not so smart all of the time.