10 Things You Need To Know About Bitcoin #1: The Money Printer | 013

Dan and Trent launch 1st of 10 part series for people new to Bitcoin.Part 1: The Money PrinterMeet Trent!Brief intro into why we are doing thisMo Money Mo ProblemsBasic thesis statement: human beings with a money printer will use it - and never stopPicture if you had a money printer.  Would you use it?Basic human incentives. Politicians never want to give up proximity to money machineMoney supply grown over 20x since 1971 - view chartWe used to be on a gold standard for hundred of year - and society flourishedEverything changed in 1971 when Nixon took US off the gold standardTodays's song: Mo Money Mo Problems by Notorious B.I.G.