Skip to content
HEX
Search
About
Back to results
Open on YouTube
Copy link
Follow along
· transcript tracks the video
Transcript
Show
Load earlier
17:48
before you rot and turn into worm food
17:50
are you gonna be the guy that dies right
17:53
before it gets fixed right because you
17:55
only need to cure one year a year
17:57
it's called longevity escape velocity if
17:59
you can cure one year of damage every
18:02
year you're good to go right you're
18:05
gonna die by accident and not just
18:06
decaying and falling apart it's it it's
18:09
so stupid that every one of us knows
18:11
that the Grim Reaper is coming for us
18:13
but we just pretend like it's not
18:15
happening like which is a good strategy
18:17
before you could do any about it right
18:19
you couldn't do anything about it anyway
18:20
well sure don't think about it waste of
18:22
time but we can do [ __ ] about it now we
18:25
really can if we have more money spent
18:27
on that and less money on f1 racing more
18:30
money spent on medical research and less
18:31
money going to Mars how do you think
18:33
that longevity of life is going to going
18:36
to change society like if people are
18:38
living to be a hundred or two hundred
18:39
years it's gonna change dramatically I
18:42
mean if a woman has has kids in her 30s
18:46
or 40s they'll get old even having kids
18:48
is a distant memory what how retirements
18:52
gonna move back you know we're gonna
18:53
just change society how do you think
18:55
it's gonna well we've already we've
18:57
already doubled or tripled lifespans
18:59
over the last couple hundred years right
19:01
mm-hmm so how much did that suck seems
19:07
to have worked out pretty well
19:08
did we really double or triple because
19:10
people are still living the same any
19:12
same age no eighty I think I think we
19:13
get we're now we get like a year every
19:15
ten years I think we live like a year
19:17
longer healthy lifespan every ten years
19:19
mm-hmm so we should have got over the
19:21
last 200 years we should have got about
19:22
20 years of extra life so if we die on
19:26
average in eighteen oh we died probably
19:28
on average 60 then you can look these
19:30
numbers up right you know if you go back
19:31
far enough people just died in their 20s
19:33
oh yeah sure yeah but there are the
19:36
there are the outliers that did live
19:38
till there is 70 80 90 right let's just
19:41
assume it all sucks horribly and
19:43
terribly it is inevitably go
19:45
to happen anyway it is going to happen
19:48
so do you want to be around to see how
19:50
it sucks or do you just want to [ __ ] out
19:53
and just die early cuz you're a [ __ ] I
19:55
might not like it
19:57
I better die of this sucky thing or
19:59
whatever like it's oh man I'm I want to
20:02
live too as long as I can
20:03
yeah health span right how long can you
20:06
be healthy if it sucks call it quits
20:10
mm-hmm
20:11
this has nothing to do a black teen or a
20:13
Bitcoin but I want to bring it back to
20:15
black team because we kept on talking
20:16
about a cryptocurrency Bitcoin is failed
20:19
as a currency do you have the same ideas
20:21
about blockchain blue or these black
20:22
teens startups as well this black
20:24
workers they're far the worst
20:26
so the currencies have a reason to use a
20:28
block chain okay a block chain is an
20:31
extremely extremely bad database
20:34
sometimes you can't write to it
20:37
sometimes what you're right - it gets
20:39
forked off and disappears it's extremely
20:42
slow Bitcoin does three or four
20:44
transactions a second it's extremely
20:47
expensive it's extremely wasteful if you
20:49
want the slowest shittiest database in
20:53
the world use a blockchain now who are
20:56
the only people in the world that
20:57
benefit from using such a terrible
20:59
system people that need censorship
21:01
resistance if people are trying to
21:04
censor your transactions blockchain is
21:07
amazing it's the only thing we got it
21:10
works it's been working for ten years
21:12
with 99 plus percent uptime try doing
21:16
that with anything else you can so all
21:18
these startups that do digital ledger
21:20
technology they do not and should not be
21:24
using a blockchain because no one is
21:27
trying to censor their transactions so
21:30
if you want to take if you want to take
21:33
an engineer's perspective on this the
21:35
National Institute of Standards in the
21:37
United States
21:37
NIST created a document on blockchain
21:40
that has a flowchart on it and it says
21:43
do you need this do you need this do you
21:44
need this do you need this do you need
21:45
this and it gives you all of your
21:47
options right and then finally after all
21:51
those it has blocked you so you only
21:54
need a blockchain if you don't have
21:57
anyone that you both trust
21:58
if you both have someone you trust you
22:00
can just trust that guy you need
22:03
immutability and he just goes through
22:04
the whole list right so if your project
22:07
needs censorship resistance use a
22:08
blockchain if it doesn't which the vast
22:10
majority do not it's the worst product
22:13
in the world to add to your your thing
22:14
like it's horrible mm-hmm so what I'm
22:18
hearing from all the hollers out there
22:20
if you're gonna invest in a black chain
22:21
start up at a
ICO
or a cryptocurrency
22:24
you're just gonna go in there for your
22:26
10x and get out you don't don't be in
22:29
there for the tech don't be in there for
22:30
the startup don't be in there for the
22:31
future make the money get out go to
22:33
something else
22:34
and then get in submit in the medical
22:35
field or just do a better thing to start
22:38
right so like take the project that I'm
22:40
doing Bitcoin you can send coins and you
22:45
can mine it and that's it mm-hmm you
22:51
can't earn interest on it if you want to
22:53
earn interest you've got to trust your
22:54
coins to a third party and they lose
22:56
them or steal them right so you want to
22:59
loan out your coins to make little
23:00
interest to people that want a short all
23:02
right they want a short they need to
23:03
borrow coins to do it you loan them your
23:05
coins right you make 10 20 % a year
23:07
Oh exchange got hacked you lost all your
23:09
money bet you regret trying to make that
23:12
10% now right maybe I'll sell my Bitcoin
23:15
to by mining hardware and then maybe my
23:17
mining with hardware will get here on
23:19
time and maybe the hash rate hasn't gone
23:20
too high and maybe my house doesn't
23:22
catch on fire and maybe I'm profitable
23:26
or all the market crashed and you can't
23:29
get out all you've gots pre depreciated
23:31
equipment and signed contracts with you
23:35
know facilities you're [ __ ]
23:38
right so if you're given programmable
23:41
money the first program that you should
23:43
design is interest there is no other
23:46
coin that I am aware of that pays you
23:48
longer for locking your coins longer
23:50
there is no coin that I'm aware of that
23:53
when you lock you need to stay locked
23:54
you can pay a big penalty those two
23:57
things mirror the real world in the real
23:59
world we have money which is nice but it
24:03
doesn't do everything so we also have
24:05
savings accounts and time deposits and
24:08
CDs right so
24:10
crypto and Bitcoin did the currency well
24:13
awesome but it didn't do finance well it
24:15
didn't do exchange as well which is why
24:17
we have exchanges of worth billions of
24:19
dollars because crypto couldn't do it
24:21
they had to do it right right so someone
24:23
had to build the peer-to-peer trustless
24:27
interest-bearing time deposit I built it
24:30
no one else did
24:31
okay well I don't Bitcoin hex yeah right
24:35
so the coin tax is an extremely useful
24:37
thing that someone had to build so I
24:40
built it it's obvious right it's a
24:44
no-brainer what products does a bank
24:45
have okay you don't like banks want to
24:47
get rid of banks what products do they
24:49
have and can you develop in a
24:51
peer-to-peer manner a way to replace
24:52
this it's that simple
24:54
they coined it currency I did savings
24:57
accounts but truthfully it also does
24:59
higher throughput and lower fees so it
25:02
will do currency better to tell us it
25:06
tell us a little bit more about Bitcoin
25:07
hex why the name Bitcoin hex it's an e
25:10
rc 20 is that correct yep so tell us
25:13
about the not only the inspiration of
25:14
making it what its gonna do a on the
25:16
website it says claim your free Bitcoin
25:18
hex and change the world people want to
25:21
change the world with it just tell us
25:23
about the whole motivation behind it the
25:25
name being the branding and the future
25:27
sure so if you're gonna start a new
25:29
cryptocurrency who are the best users on
25:32
board the ones that have been around the
25:34
longest and that are the richest all
25:35
right because hey I'm able to buy more
25:37
tokens maybe they'll advertise it good
25:39
places maybe they'll help it get listed
25:41
on ice exchanges right so if you're
25:44
gonna onboard users of crypto as your
25:47
first set of users to help prime the
25:49
pump and spread the word there's no
25:51
better users than Bitcoin users right
25:53
they've held through the most dumps
25:55
they've got four times the market cap on
25:58
the next guys it's it's a really good
26:01
user base and I've got a bunch of
26:03
Bitcoin so hey why not pump my own bags
26:05
with some more free coins right so if if
26:11
you're gonna start a new currency you're
26:12
gonna want to airdrop Bitcoin holders or
26:14
have Bitcoin holders in there which is
26:16
the reason let me give you a list of the
26:18
top ten currencies that have also given
26:20
free crypto to bit coin holders Bitcoin
26:22
cash
26:23
free crypto - bitcoin holders mm-hmm xrp
26:26
gave free crypt at a Bitcoin holders and
26:28
anyone else that gave their email
26:30
address lumens gave free crypto to
26:32
bitcoin holders you had to sign a proof
26:35
that you had coins those are all top ten
26:38
cryptids
26:39
right and then Bitcoin sve was given to
26:41
Bitcoin cash which came from Bitcoin no
26:44
in effect you have five or four
26:48
currencies in the top ten that are given
26:52
for free to Bitcoin holders so this
26:54
concept that like oh man you shouldn't
26:56
use Bitcoin is the name because we don't
26:59
want a fourth Bitcoin in top ten stupid
27:03
right so like is Linux Mint and Fedora
27:07
Linux and Red Hat Linux all scams
Load later