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'The Truth About Bitcoin' [Stefan Molyneux @ FreeDomainRadio]

Stefan Molyneux looks at the rise of Bitcoin and discusses its history, mining, fees, altcoins, regulatory hypocrisy, worldwide awareness, comparisons to gold, anonymous transactions, possible government attacks and what the future holds for the decentralized cryptocurrency.

Bitcoin Address: 1Fd8RuZqJNG4v56rPD1v6rgYptwnHeJRWs
Litecoin Address: LL76SbNek3dT8bv2APZNhWgNv3nHEzAgKT

0:00 How the ruling class controls human livestock.
1:35 How Bitcoin works
8:47 What is money? Is Bitcoin money? (come on, what do you *think* the answer is? :) )
15:04 Demographics
19:47 Why Bitcoin is better than predecessors
26:54 History (skip here to hear him say "Satoshi" funny)
28:50 Purchasing power of government-issued money going down
40:03 Bitcoin's future popularity
42:15 Big Banks and Big Government hate Bitcoin!
45:00 Not anonymous by default but can be if you want it

A very special thanks to Kristov Atlas, author of the upcoming comprehensive guide to bitcoin anonymity, for his assistance with this presentation. Get the latest updates on his book at: http://www.anonymousbitcoinbook.com

This video is for information and illustrative purposes only and is not, and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action.

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