Original subtitles

Hey, Joe. Hey.

What's this all about?

Well, we have a problem, and it's a very big problem.

And unfortunately, most people aren't aware of it.

It doesn't matter what your personal views are,

your politics, your religion, or where you are.

And once you see the problem, you can't unsee it.

It's like a it's like a one way deal.

But thankfully we also have the solution.

And it's this solution that I'm so passionate about sharing.

And it's what makes me just so optimistic for the future.

The challenge I find, though, is

how can anybody fully value a solution

unless they understand what the problem is?

And so I put this presentation together for some friends.

And it assumes no knowledge other than just being human beings and

life experience.

And encourage me then to to

make this presentation into video so I can share it with everyone.

So I hope you enjoy.

Welcome to what's the problem?

So what is the problem?

Are too many.

Unfortunately,

I probably could have written twice as many things down on this slide.

I think we all have that sense of unease.

We all feel internally that things are not moving in the right direction

in our lives, in the world, like things are becoming harder.

Not easy.

And I think for most of us, we recognize some elements of these things

on the screen as touching our lives directly or indirectly.

And what I'm here today to show you

is that all these things may seem unconnected.

They're really not

the primary cause of all of this

is the quality of our money.

And we're going to do this through a story.

So imagine this is far off world where you have hundreds of smart people

traveling on a ship, and this ship gets wrecked on a deserted island.

This deserted island is so far from everywhere else

they're effectively cut off.

But the island is resource rich.

It has everything they could possibly need to rebuild society.

But because these people have come from an advanced civilization,

they know exactly where they ultimately going to get back to.

But now they're starting again with nothing,

but also clears that they need some way of trading with each other

once they start to rebuild.

So they prioritize deciding what to use for their new money.

And suspend your disbelief slightly further in that they have,

despite not having anything, the ability to create

whatever monetary system they want with whatever characteristics.

So the first question they need to answer is what makes good money?

And there are seven things.

So these guys have the ability to create whatever they want.

So instead of just creating good money, they create the perfect money.

And the perfect money is scarce,

which means it has a fixed supply forever

and is instantly and cost lessly verifiable by everybody.

So if everybody can check it whenever they want at no cost,

then you can verify for yourself that nobody's creating any extra.

It needs to be portable so you can effortlessly

move and story with negligible costs.

It needs to be divisible.

And the perfect money would be infinitely divisible.

It needs to be durable.

It can't rot or go off.

It can't deteriorate.

So the perfect money exists forever.

It's fungible, which means every piece is forever the same as every other piece.

It needs to be acceptable

so everyone, anywhere can both send and receive.

And the really important one is it needs to be censorship resistant.

You hold it yourself.

Nobody can take it away from you without your permission.

And no one can stop you sending or receiving.

So this is great.

They decide on perfect money.

Then there's a disagreement.

Two leaders emerge from within the population.

The first Satoshi.

He says, well, given these, the characteristics of perfect money,

that's going to be true today, due tomorrow and true forever.

So we should lock them. And you should never change.

Whereas for your talo he says, well, I get what I get.

This is the characteristics of perfect money and I totally agree.

But what if there's an emergency?

What if we need to change something?

What if the people we put in charge of our money

feel like it's not working and need to make an adjustment?

I think we should have the perfect money, but we should also have a big red button

which allows someone to press it and change any of the characteristics

if we need to. Of course, no one ever will.

But just in case.

This becomes an irreconcilable disagreement.

So a fairly drastic solution.

But they build a huge wall right down the middle of this island, and on one side

they create the currency called satoshis, which is perfect money always.

And on the other side, a fear tellers,

which is perfect money, but with the option to change it.

Now this wall is so big it cuts off the communication

and the trade between both sides on the island.

So effectively they're cut off from one another.

So to begin with,

nobody has anything on either side of the island.

So everyone starting from zero.

And initially people have to be self-sufficient.

Each person is fishing for their food, cutting down

trees for the wood to make fires, and also for houses.

And then they're also building their own shelters.

Now, even though they have perfect money, there's very limited trading here

because people are working hard

just to satisfy their day to day needs across all of these goods.

But people are different.

Some people are better at some things than others.

And so people quickly realize that if I spend my time

focusing on the things I'm good at, I'm reducing the amount of time

I spend on things that I'm poorer, then I can contribute more to society.

I can increase the amount of goods I can provide to society

in the same amount of time as the average person.

So the woodcutter spends all his time now cutting downward.

He stops fishing.

He starts building shelters.

And because he's spending his time cutting down wood,

he increases the quantity of wood available to everyone else versus three

people spending a third of their time each because he's good at it.

And not

only does the increase in the quantity of wood available reduce

the price of wood for every potentiality, the qualities also high.

He's better at doing it.

He produces a higher quality output.

So prices fall and quality increases.

And not only that, he's not the only woodcutter.

There are multiple woodcutters,

so they're all competing to supply wood to everybody else.

And they're competing at price and in terms of quality.

And now what happens is, because the woodcutter

needs of the goods to survive, he has to sell the wood to buy

fixtures, sell the wood to pay for the services of the home builder.

So now everybody is actively trading this perfect money.

Now, because processes continue

to improve, the woodcutter can now satisfy the needs of the rest of the population.

For wood in a small amount of time, he can then take that time

and think about his own processes, his own innovations.

Maybe he can make Crittendon Wood even more efficient.

And if he does that, he drives prices lower, it drives quality higher.

Maybe he reaches the end of his innovation

within his wood cutting and then uses the excess money, excess capital.

He has to invest in other people.

Maybe he lent it to the fisherman, who then builds a boat

to increase the amount of fish the fishermen can catch for everybody.

So what happens over time in a free market with perfect money?

Prices go down forever and quality goes up forever.

So what people see on both sides of the island

is that the purchasing power of their money starts to increase.

Goods cost less tomorrow than they do today.

So the price of tomorrow is lower.

The purchasing power

of both currencies is increasing at about 3% a year.

And this lifts the quality of life.

Life becomes cheaper and cheaper over time for everybody,

not just those people who are most productive in society.

But the key thing is the money itself

is becoming more valuable over time.

That is,

until these guys come up.

So now, because the society is growing and the population is growing,

both sides of the island elected government.

Now, it doesn't matter if the government is left or right,

big, small, up or down doesn't matter.

They are all the same when it comes to this.

Now, however well-run the government is,

inevitably it will hit a deficit at some point.

And that means it's spending more than it's receiving.

And that could be through mismanagement,

but it could just be through external circumstance,

like a natural disaster or something like this.

The causes are not important, but it will happen over the course of time.

Inevitably.

But now we see a divergence across both sides of the island.

Satoshi.

He only has two choices here.

To balance the budget, he needs to either raise taxes or cut spending,

or maybe a combination of the two.

With Vitello, he has exactly the same choices,

but he also has a big rip up.

And the important thing here is that both up for reelection,

a fatal blow knows that if he raises taxes

or he cut spending, it's going to cost him votes.

So just this time, he decides to press the big red button

and print a little bit of extra money for the government.

Okay, so what are the consequences?

Well, for Satoshi. Not great.

He cannot hide those changes from the population

because they're paying more in taxes,

or they're getting less back from the government from its spending.

So he loses the election,

but government reduces in size naturally.

So now overall, the efficiency in the economy is increased.

But not only this, the social balance is improved

within the economy because people now realize there is no free money.

Taxes.

They need to balance spending.

But the important thing is prices continue to fall

and quality continues to increase.

Now, for fear of great news, he gets reelected.

And to start with, it's consequence free.

But he thinks this is the greatest thing ever.

I get reelected and there's no downside.

But something's changed.

So what's happened?

Voters press the big red button, which is printed to money

for the government, which is the base of the currency.

So what does that mean?

He's increased the amount of money in the economy overnight,

but he hasn't increased the amount of goods and services available

in the economy overnight.

So now there's more fear tellers washing around compared to yesterday

for each piece of the goods and services.

And this has three major inputs.

The first is a distortion of price signals.

The second is that increases input costs for businesses.

And the third it leads to asset inflation.

And that first one distorting price signals

well prior to Vietnam pressing the big red button here,

all price changes in the economy were purely a function of demand

and supply because this was a free market with perfect money.

But what's happened now

is that money has entered the economy, not to everybody equally,

or even in proportion to the amount of money everybody holds.

The money has entered the economy via the government,

and it enters via the government into the accounts

of companies and people connected directly or indirectly to the government,

to what Vitello starts to see as price increases in certain parts of the economy.

So the signal to everybody else in the economy

is that there's an imbalance of supply and demand

just in these sectors.

So you see a misallocation of capital

by the entrepreneurs in the market caused by the money printer.

But not only that, it's human capital.

It's smart people.

It's active people who are trying to be productive gets sucked in

closer to the government and not servicing the rest of the economy.

The second is that business input costs increase.

Now. Every single business in theater, this country has at least a human being

and some raw material inputs like energy or even some harder raw materials.

Now, because the cost of these things have gone up.

These businesses now need to try and change something about their product,

to maintain the small profit margins that ensure that they can continue

in business.

Now, the first and most obvious one

is just to pass on the price increase to the customer.

The second is to keep the price the same,

the quality the same, but just shrink the product.

So instead of having 100g, it's now 90g, but for the same price.

Or the third one is to reduce the input cost.

Now this

is where consumer inflation comes from.

This is the only source of consumer inflation.

Is the money printer causing businesses to make these changes.

But if a business passes on the price increase outright

or it shrinks the product and the customer not just needs to buy more of it

to satisfy the fact that they needed 100g, not like two tons.

Both of those things reduce affordability.

So the population is becoming poorer.

They're going to have less disposable income.

Despite buying the same as what we bought yesterday,

if instead the business chooses to keep the price the same

besides the same, but just reduce the cost.

The most obvious thing to do is just to fire people, which leads to unemployment.

And now there are fewer people with jobs

which reduces the overall affordability for the population.

If you tell us well,

but not only that, now the government's got a second issue needs to solve what

how does it help support all these people who are recently unemployed?

But the most insidious way

is for companies to reduce the input quality.

And so what Viertel starts to see is there's a rise in obesity

across the population,

because the food that was previously fresh and has high quality ingredients

is replaced with ever lower quality ingredients

and more industrialized sludge.

So this leads to obesity.

It also leads to a myriad of secondary health issues,

which causes the health crisis.

And now the government has to step in and figure out how it needs to support

all these people who are now unhealthy.

The third is as inflation.

Since Vitiello press the big red button, asset prices have been going up.

The stock market goes higher and higher and higher.

House prices go higher and higher and higher.

He thinks I'm some sort of economic genius,

but they're going

up in price because he's just created more vetoes.

So anybody who knows that the remote for your television system,

of course, wouldn't sell their asset for the same as they did yesterday,

they would take into account the fact that there

are just more fiat sellers in the system.

So this is what is driving these prices up.

But this asset increase is good

for the people who own assets, but not for the people who don't.

So he has a wealth inequality beginning to emerge across the economy.

And not just that because house prices are now more expensive,

the rent is more expensive.

So he sees increased levels of homelessness

and this increased levels of homelessness.

Guess what?

Require more government intervention to try and deal with.

And now asset prices are flying.

The stock market's on fire.

The prevailing perception across the population is

why would I not invest?

Why would I just keep the money?

I should be buying the stock market. I should be invested.

I should be buying a second home to rent out.

I should be buying speculative assets because they never go down.

They just go up.

If I don't invest, I'm a fool because the assets are going up.

The banks are pushing ever more leverage for people pushing

bigger and bigger mortgages to individuals, to loans to companies.

But now that house prices have gone up,

and now that everyone has more debt at the same time

as families are struggling with affordability of data, their life

is that much harder to buy a house.

So families where previously they could have one main earner

and afford to buy a house with a mortgage can't anymore.

You now need both parents working,

both parents working to afford the mortgage and afford to live.

And when that happens, people spend less time together

and you start to see the breakdown of the nuclear family.

They spend less time with their children.

They can afford to have fewer children.

Now, because you have declining birth

rates for you, Tello starts to see a change in his demographics.

Across the population, fewer children are being born,

whereas the older generations are living longer.

And he now starts to realize that the promises he made

to these older generations about being able

to retire at a certain age, or having a good quality of life

or defined income in their retirement can't be delivered.

But for those not lucky enough to be able to buy a house, you are maybe

stuck renting.

Whereas before

they could think about renting the same place for three years or five years

because the rent goes up too much every year,

and now they're thinking about one year, maybe two years,

you're planning less for the future.

Maybe you're putting off getting married, putting off having children.

You start to prioritize today at the expense of tomorrow.

People see that they're saving that for it never gets them anywhere

because the asset prices are going up too quickly.

They'll never be able to buy a house to be never be able to buy a house.

Then prioritize living your best life and go on a holiday and spending more

enjoying yourself.

But for those not fortunate to be in this position,

for those that every day is a struggle feeding themselves and their families,

housing themselves and their families,

they're stuck on a treadmill of decline.

Now, every day is harder, which leads to a growth in addiction.

Various forms of addiction, including opioids across the island,

which leads to yet more of a health crisis and yet more intervention

from the government.

And all of this leads

to a mental health crisis across the population.

And now the government finds itself in a position where, because it's press

the big red button, it's created a whole range of secondary issues

that now it needs to step in and try and solve,

because it has to step in and try and solve these things.

It means the government needs to divert more capital

to these areas of the economy,

which again, is a greater misallocation of capital,

which pulls more entrepreneurs into the wrong parts of the economy

through the distortion in the price signals.

And between the increased leverage in the economy driven by the banks

and the misallocation of cattle.

It's so is the seeds of the next emergency.

I fear Tesla has only one choice, and that's to press the big red button again.

And now he's starting to

realize that actually this wasn't consequence free.

But now he's lurching from crisis to ever bigger crisis.

He presses the big red button, which debases the currency,

which leads to pick a government and more involvement in everything.

And now, not only is the government bigger,

but the government has spawned a series of parasitic industries

attached to Big Pharma,

who are increasingly involved with the government to try to deal

with the symptoms, but not the causes of the various health crisis.

Never incentive to actually cure a patient just to treat them long term.

Because a healthy customer is a lost customer.

Big food pushes for ever lower food standards across the economy.

The military industrial complex pushes for ever greater

spending on defense, both at home and on foreign shores.

Wall Street up the rivals in debt

and now so leveraged that the government wants to protect them.

They can't be allowed to fail,

because if the banks fail, the population loses their money.

The government falls.

The government

also continues to make unproductive investments,

investments, trying to deal with the secondary issues it's created,

but also investments driven from whatever political ideology the government has.

And all of these things are effectively now crony corporatism.

It's very hard to see where the government ends and these industries begin.

The success of the government is deeply intertwined

with the success of the industries.

These industries start to ask the government to become regulated.

You need to regulators to protect the public.

But this regulation, all it does is make competition harder.

The 1 to 3 companies, each of these areas are now very,

very close to the government.

They supply the people for the regulator.

When the regulators end the tenure to go back and work for these companies,

it's stopped smaller companies coming in and competing with them to

then supply the government on better terms with higher quality product.

So quality starts to decline

and prices start to rise, which of course is

great news for these companies because profit margins go up.

What happens then is the media gets captured,

the government is teetering to maintain social stability.

It's now protecting these industries at the expense of the population

rather than the other way around.

And because of this social balance that it needs to maintain,

it can't allow free speech, dissent, alternative opinions or questioning

of anything that undermines the legitimacy of the government in any way.

Not only that, the biggest advertisers for the media

companies are the companies connected to the government.

So the media companies increasingly don't want to upset their advertisers.

And when you have a captured media and a military industrial complex

fomenting strife on foreign shores, you get the creation of a fresh force

and then the wars themselves

are so actively supported by the philatelic population,

because all they see in their media

is that we have to do this because it's the right thing to do.

And between the forever wars and the banking system, bailouts

and the excessive debt, it leads to the next emergency.

But this time it's just so much bigger.

And the only choice he has is to press the big red button again.

But this time it's different.

It's a massive erosion of trust.

Every time he presses the button

more and more people become aware of what is happening.

And this goes round and round and round until something breaks.

And now we're starting to get quite worried.

So what's happening to the money?

But instead of increasing 3% a year in purchasing power, it's

now losing 7% a year because he's printing 10% a year of extra money.

And not only that, he's undermining the productivity

in the economy by distorting all the price signals.

So what happens to the future global population?

Well, the poor year on fixed wages

have very low income security and no assets.

They can't win.

They just get poorer every single year.

The the middle earners

have fixed salaries and mixed income security.

They're not the first to be fired.

They often have a home.

They can never sell the home and realize a game

because you've got to live somewhere you still want home.

You've got to buy into the home.

You might have some investments,

but they are becoming the new poor.

Or surely the wealthy are doing well.

Their income is largely from asset yields, from operating businesses or investing

that income.

Security is high because they can't be fired.

But for them, it's death by a thousand cuts.

They see their wealth as a number

continue to

increase, but they feel like they're getting poorer.

Life continues to get harder.

And that's because the rate at which they're earning money,

the yield on their assets, is below the rate at which we're printing money.

So they're slowly having their wealth siphoned away.

But politically connected.

Those that are government funded and have fully insulated income security.

And perversely, their income goes up and becomes even more valuable

as society continues to decline because the government

needs more and more intervention.

And it's really just industrialized theft

at this point from everyone else in society.

But now so much time has passed

that the wall down the middle of the island starts to crack,

and it starts to crack in such a way that both people

and money can start to flow from one side to the other.

So on the one side, you've got satoshis

increasing their purchasing power at 3% year.

On the other side, you've got the fear tellers

that are losing 7% purchasing power every year.

So what happens? Why?

What fear teller starts to see

is that money and people start to leave

because they don't trust their ability to save using fear tellers.

They want satoshis.

Okay, so this comes out on a fear teller standard.

Your money is stealing from you.

Whereas on a Satoshi standard, the whole world is working 24 over seven

to increase your purchasing power.

But now these gate five is open.

People realize they can't save and fear tellers,

so they start selling fear tellers to buy a satoshis.

So the fear tellers decline further in value, triggering

get more budgetary and currency crises for fear teller to deal with.

And the only choice is to press the big red button again.

But this time printing money is not enough

because value is leaking out of fear.

Teller saw to be on it.

He needs to change another characteristic of perfect money,

which is to remove the censorship resistant nature of it.

So the fear teller population

used to be able to hold the money themselves.

Now fear, teller says,

no longer allowed to hold it yourselves.

You have to put it in the banks.

The banks are going to hold everybody's money.

The population now feel that they are guilty until proven innocent.

For making any transaction.

The banks will check every transaction to protect you.

Which means when people are trying to buy

certain things, including satoshis, the banks now say no.

It's because of this.

It's because of that is because of fear that he restricts the flow of capital

out of fear teller side of the island.

He may even just create explicit capital controls,

you know, no longer allowed to buy satoshis at all.

But people always find a way, and more

and more people are waking up to what is happening and the cycle continues.

But the important thing is the wealth and the people

flee to the uncorrupted money

I now fear to those beginning to to really panic.

So where does it end for fear teller

well, if is lucky

with sustained inflation allowing the government to inflate away

its debts and slowly siphon away the wealth of the public,

this may even border on hyperinflation.

I say lucky because it's very hard to do that

and maintain social cohesion,

and something is likely to go wrong.

It will definitely be asset seizures.

Now that all the money is held in the banks,

one day the teller will decree that we're all in it together,

and the banks

will hand over a proportion of their capital to the government.

Just like in Cyprus in 2013, if you held over €100,000 in the bank

overnight, 45% of that went to the government.

The public was effectively bailed in

to bail up the banks and the government

from their own mismanagement,

but also happened in the US in 1933.

They made gold holdings for the individual illegal

and this lasted for almost 40 years.

If you held more than $100 of gold and you were caught

$10,000 fine or ten years in prison,

and this is when $10,000 was a huge amount of money

for utilities, a rise in political extremism on both ends of the spectrum.

The government never explains to the population

where these problems are coming from.

They don't tell them it's because of the money printing via the big red tarp.

They control the media.

The government is protective of itself.

Now tell the population the truth.

They don't help the population join the dots.

They don't explain the link from the big red button to the issues.

They blame it on the greedy businessmen or the billionaires,

or that foreign dictator, or this or that.

And then what happens is people ask for more help

and more support from the government to deal with all of these issues.

And so the only solution is

the governments involved in everything.

So at every step of this journey, the solution to all the problems

has always been more government involvement.

And so the people see these problems

and vote for more government involvement

to solve.

Or something worse.

But in all scenarios, people want to hold satoshis and not for you.

Tell us.

So if we go back

to that list of seven characteristics of perfect money,

Fiat only changed two of them.

The other five is still exactly the same,

and the query ended up

about the reveal.

And some of you may be slightly ahead of me here.

The US dollar

is just a terrible version of the theater.

So the US dollar

is corrupted on the same two key issues that we Italians were,

but on the other five it's materially worse as well.

In terms of portability, it's easy to carry, easy to pay.

It's not great for merchants.

You pay instantly the merchants and get the money for multiple days.

And that's if there was no fraud or chargebacks is divisible,

but only to a point and removes the ability to do micro-transactions,

which will unlock potentially completely different economic models.

It's durable in digital form,

but we have cash component, and that cash component

is constantly undermined.

The notes are reprinted in terms of design every 15 or 20 years,

so there's no ability for an individual to save outside the banking system.

If you put notes under your bed or under the floorboards

and leaves in 25 years, they're worthless.

Those types of notes are gone out of circulation,

so you need to take notes every 15 or 20 years

to the bank handyman and get new notes.

They're centralize everything periodically

out of choice.

They're fungible, which means every dollar is

the same as every other dollar until it's not.

Some countries around the world have already introduced

what are known as CBDCs, which is central bank digital currency, but effective.

It's programable money.

A specific dollar may have an expiration date.

You need to spend it before this period of time elapses, or else it disappears.

Or a dollar may have only specific use cases.

You must spend this dollar on X or Y, or you must not spend this dollar on ABC.

The dollar is very acceptable

around the world, but you can't pay for everywhere.

And typically most national currencies

are only acceptable in their own country.

And the US has a major philatelic problem.

This is the budget for 2020 for the budget,

not the actuals, which have of course, were this

budget deficit of almost 2 trillion

on a spend just over 6 trillion,

that's a loss in one year.

But to put that in context, they'd have doubled the amount

of individual income taxes for everybody in the US.

Just to balance that.

And on the cost side, they can mix in improvements.

But there are some key things there you just cannot remove,

like the debt interest.

And the consequences.

Well this is a chart of the amount of money in the system in dollars

and the amount of debt issued by the US government over time.

Now, I've labeled 1971 on here because that's

when the US came unilaterally off the gold standard

prior to 1971.

If you give your dollars back and receive gold instead,

Nixon took the US off the gold standard

and every currency in the world followed.

And since then, it's allowed the US to print

unlimited amounts of money to satisfy its own needs.

And the red chart on the left hand axis shows

that amount of money is now 22 trillion.

And on the right hand side, you've got the US government debt,

which even a month later, this chart is now out of date.

It's now 36 trillion.

And this doesn't include the unfunded liabilities, the amount of money

the US government has committed to pay at some point in the future

through Social Security, Medicare, Medicaid.

But it hasn't had to write the check yet.

Depending on how you calculate that, it's between 50

and 200 trillion on top of 36 trillion, if that.

The only way to solve that is more money printing.

So the money printer is systematically destroying

the purchasing power of the dollar.

Now, you may think I have something against the dollar, I absolutely don't.

The dollar is the best that we have.

I would love to be able to use the dollar, as would the vast majority of people

around the world, but unfortunately, most people just aren't as lucky.

This is the performance of all the other currencies

versus the dollar over the last ten years.

Some have near enough disappeared completely and so absolutely

have they've ceased to exist.

The people who saved their economic energy

in those currencies, I've seen them vanish.

The unfortunate reality here,

as the wonderful in Alvin repeatedly says, is nothing stops this trade.

There is no way out for governance.

The only solution is to keep pressing the big threat.

But instead the conclusion is a quote from Hayek,

who was an economist at the Austrian School,

is that the history of government management of money has,

except for a few short happy periods, been one of incessant fraud and deception.

And he said this in 1988.

Now, that would all be pretty depressing if that wasn't the solution.

Thankfully, there is.

The only solution here

is the separation of money and state.

The government cannot be allowed access

to a big rent, but.

On Hayek again,

this time the quotes from 1984

I don't believe we shall ever

have good money again until we take it out of the hands of government.

We can't take it violently out of their hands.

All we can do is buy some sly,

roundabout way, introduce something they just can't stop.

Brilliant quote.

So I look now with these links between the big red button

and the money printer and all of these issues

that we see in our lives today, that it's now much clearer

that if we can fix the money, we'll fix the world.

And the good news here,

this is the best news, is that Satoshi is a real

and even Fiat.

Tello is now a convert.

The solution is Bitcoin.

One Bitcoin is 100 million satoshis

in the same way the $1 is 100 cents.

Now you may feel you know about Bitcoin already

because of something you've been told by friends or you read in the media.

I would encourage you to start the game

when we derive our information from media

or people who have derived their information from the media,

and that media is connected to the people who owned and benefit from the money

printer, it tends not to be necessarily the most accurate information.

So don't trust, verify

come to SATs versus Viacom.

We've set up a website which helps people get up and running.

If you're just getting started, maybe you've never heard of Bitcoin before.

Kong, sign up or we'll send you some information

so you can learn about it for yourself and make your own decisions about Bitcoin.

If you're further along,

or maybe even call yourself a Bitcoin already, then amazing.

This is not a commercial enterprise for me.

This is a charitable one and so any support

from within the Bitcoin community or further afield I would love to receive.

People want to give this talk themselves to their friends or just share it

more broadly, or even volunteer to give a presentation as part of a group.

Then just get in touch.

And the third one is inviting us to speak.

We want as many people as possible to see this presentation,

because the information contained within it about what the problem is,

is so important.

So we'd love to speak if you have us at schools, universities, industry

conferences, events, or even at workplaces if people are interested to learn more.

So please just get in touch.

Here's the QR code, which will take you directly to the website.

Alternatively, if you

are Onex on screen, say hi and join the conversation with us.

Then please, please do.

Firstly,

thank you for watching and I hope you enjoyed it.

Please share this with anyone you care about.

And if there's one thing that you take away from this is,

I hope you will remember that if we fix the money, we'll fix the world.

Thank you.