Clif provides a Bitcoin Primer for those who haven’t yet jumped in at a valuation of US$130. What is bitcoin, how to acquire it, how to mine it, and how to store it?
- 01:17 Bitcoin is to banking and currency what the Internet is to information; Bitcoin will cause the banking and currency structure to go away; Buckminster Fuller: Reinvention not revolution;
- 05:30 Confidence = Current = Currency; Bitcoin allows human-to-human transaction
- 08:13 Banksters require global warfare; No inflation within bitcoin
- 11:42 Connections to In-Q-Tel don’t matter
- 12:20 Bitcoin wallets – online vs PC
- 23:30 Wallet recovery, syncing
- 27:45 Mining bitcoin
- 33:50 Buying bitcoin; Bitcoin ATMs; Mt Gox
- 39:45 Sell items for bitcoin; Pirate currency; Silk Road
- 42:25 Bitcoin and the forecasted Renaissance
- 44:50 Government has become illegitimate
- 48:30 Hyperinflation will accelerate the rise of bitcoin, gold, and silver
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