Bitcoin: The Future, or World's Greatest Scam?

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In April 2021 a single Bitcoin was worth over $60,000. But is Bitcoin the future? Or just one giant elaborate scam…?

It’s time we investigate Bitcoin, and the rise of cryptocurrencies.

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Bitcoin first began when a white paper titled “Bitcoin: A Peer-to-Peer Electronic Cash System” began to circulate on a cryptography mailing list.

The white paper was signed by an individual going by the pseudonym of Satoshi Nakamoto. And to this date, Nakamoto’s identity has still not been entirely confirmed.
In 2009, Satoshi Nakamoto “mined” the very first block on the Bitcoin blockchain and set into motion a series of events that would lead to the cryptocurrency’s current fame and status.

But I know what you might be thinking:

What even is Bitcoin? What is blockchain? What is “mining”? What is a cryptocurrency? Why was Bitcoin even created? Does Bitcoin even have any value? And how could this “Bitcoin” be worth tens of thousands of dollars? Is it all just a massive scam?

The debate surrounding Bitcoin is vast, and there’s no shortage of opinions on the subject. In this series we’ll attempt to dissect the history and motivations behind the cryptocurrency’s creation, as well as the big debate on the topic.

We’ll try to answer the question of whether Bitcoin truly is worth something, or whether the investments that have been put into Bitcoin are nothing but pure speculation.

In this first part we will also dive into the technicalities of what “blockchain technology” actually is, how it works, and why it’s so important.

If you’ve heard of an “NFT” then this will also be very important in understanding they are as well. NFT’s are also operating on “blockchain” technology.

I would also recommend watching 3brown1blue’s video on the subject:

This series isn’t going to focus too much on the investment side of Bitcoin – whilst that still plays a role in the story, we’re more focused on the motivations and the debate on the topic.

However, I do believe that by understanding WHAT you are investing in, you shape yourself up for a much better financial decision than just blindly following FOMO and potentially risking your hard-earned money.

All materials in these videos are used for educational purposes and fall within the guidelines of fair use. No copyright infringement is intended. If you are or represent the copyright owner of materials used in this video and have a problem with the use of said material, please contact me via my email in the “about” page on my channel.

AFFILIATE DISCLOSURE: there may be a few links in this description that, at no cost to you, will earn me a commission if you choose to click them and make a purchase 🙂
Don’t worry – I only ever promote things that have genuinely helped me.

Prologue – 00:00
Chapter I: In Fiat We Trust – 2:16
Chapter II: Magic Internet Money – 7:01
Chapter III: The Impossible Rise – 11:35
Chapter IV: Institutions – 17:16
Conclusion – 19:17

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About the Author: Michael Schick


  1. Most times it amazes me greatly the way I move from an average lifestyle to earning over 63k per month, utter shock is the word. I have understood a lot in the past few years to doubt that opportunities abound in the financial markets, The only thing is to know where to focus.

  2. The meta verse has more chance of being successful than bit of poo coin it’s the biggest ponzi ever I feel for the stupid people who will be left holding a nothing

  3. The biggest game of musical chairs money ever. As an investment,a total scam but as in most gambling type schemes there are/will be winners and losers.
    As a means of laundering money,was fairly efficient but maybe not so much now if the FBI and U.S. Treasury figure out how to intercept the flow of information and blockchain technology on the Dark Web.
    As a means of exchange for people behind dictatorial governments maybe somewhat successful but the change of it into a pyramid scheme I think interferes with that.

  4. Please I need someone to help me trade or invest the forex or crypto market because I'm tired of trading in losses myself. I've blown my account twice and it's frustrating..

  5. Dry bro, but u also advertise scam…. Skillshare is a huge scam….
    All is on YouTube…. In much higher capacity… Skillshare is bs

  6. i see alt-coins from comapnies as something you invest on that company without the need for a broker. company drops in value, their alt-coin drops

  7. People don’t use gold or transact with it!
    Bitcoin is a speculative asset and the risks are clear

  8. I feel for those who would allow the market dynamism to determine when to trade or not are either new in space general or probably just navie, the sphere have seen far worse times than this, enlightened trades continue to make good use of the dip and pump even acquiring more equities towards trading sessions, I'd say that more emphasis should be put into trading,since it is way profitable than hodling. Trading went smooth for me as I was able to raise over 6.2 BTC when I started at 1.5 BTC in June from implementing trades with signals and insights from cryptocurrency trading.

  9. I love the topic of scammers (MLM). i was also a victime of that.

    Desperate and looking for an easy way out, I was allure of easy money.

    if it's too good to be true, just say NO.

  10. It's neither. A scam that will never die, as long as there is a framework to exchange goods for it and launder money, which North Korea and the cartels will always provide via Dark Web.

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