Bitcoin: The End of Money as We Know It

00:00:02 - Look closely.

00:02:09 Bitcoin is doing for money.

00:04:49 have always been at the very center of it.

00:07:05 A more stable system was needed.

00:09:04 expensive hobbies.

00:11:17 over a period of time that some

00:14:14 gave congress the exclusive right to "coin money".

00:17:11 of their own currency than they had in gold.

00:19:54 it simply borrows more or it creates more.

00:22:15 Encouraging people and businesses to buy more goods

00:25:27 - We put our paychecks and savings

00:27:54 your homeloan, all began life as virtual money

00:30:52 Banks today are tied into a system

00:33:50 Creating new products and entire systems

00:36:36 His masters set him loose on each

00:39:42 Well, Bitcoin is a system based

00:42:09 Music and movies are easily pirated, copied, stolen.

00:44:34 the central banks can print as much money as they want.

00:46:54 So you've got to realize that most people

00:49:24 of the major pain points of the current financial system.

00:51:42 and transferred with computer networks

00:54:37 to sell things that were illegal to governments.

00:57:10 to imagine payments without a middle man.

30:00:00 books in all of Europe.