10 Things You Need To Know About Bitcoin #5: Bitcoin, Not Crypto. Not Blockchain. Bitcoin | 018

Dan and Trent break down one of the biggest misconceptions about Bitcoin.Episode 5:  Bitcoin.  Not Crypto.  Not Blockchain.  Bitcoin.One of the biggest obstacles for Bitcoin understanding is confusing Bitcoin with all the other cryptosBitcoin is simply non-government money for the digital world.   Bitcoin is better money for a better world.Crypto is just more and more of the fiat system: printing money out of thin airVast majority of other cryptos are worthless.  They have no value.  Most are outright scamsEven worse are the ones that seem legitimate but are VC-backed pump and dumpsIf you hear about the hot new crypto it is too late, you are exit liquidity for insiders trying to sell at the topBitcoin’s essential value proposition of hard digital money for billions of people in the world is more than enoughAfrica and Bitcoin adoptionBitcoin for the billions, not for the billionairesTough to understand all of this in beginning.  Alt coins may outperform for a short time, but in the long run everything goes to zero against BitcoinToday’s song: Row Jimmy by the Grateful Dead