What is Money? And Could Bitcoin Be the Best One? | Jad Mubaslat | TEDxDayton

In case you’ve heard that Bitcoin goes to revolutionize cash, however aren’t fairly certain what which means, this discuss is for you. Bitcoin entrepreneur and fanatic Jad Mubaslat explains the important thing options of what makes something (whether or not it’s treasured metals, paper notes, shells, or cows) viable as a foreign money for exchanging worth. He then lays out how a digital foreign money like Bitcoin has all the identical options essential to be a foreign money, with some further benefits which are distinctive to the blockchain expertise upon which Bitcoin is constructed. Jad Mubaslat has been enthusiastic about Bitcoin for a number of years. He based whereas attending The Ohio State College in 2013. The Bitcoin buying and selling platform was accepted into main Bitcoin accelerator, Enhance.VC in 2014; was then later acquired in 2016. Since then, Jad has remained an lively advisor to the corporate, organizes a meetup for Bitcoin and cryptocurrency within the Dayton space, and now works at Rain Monetary, the primary regulated cryptocurrency trade within the Center East. Jad obtained a BS in Biomedical Engineering in 2015 at Ohio State and an MS in Human Elements Engineering in 2021 at Wright State. This discuss was given at a TEDx occasion utilizing the TED convention format however independently organized by a area people. Be taught extra at

Related Articles


  1. strategy to make profit of the market as when the market goes bearish investors/ traders loses their investment which is always painful, when you can take advantage of the market by involving in day trading or copying trade alert from a professional trader that understand the market and use strategy to generate signals daily to make profit to grow your portfolio as i have been doing with Mrs Kimberly for the past 5 weeks and i have been able to day trade to grow my initial 0.8 btc to 6.8 btc which you will rethink and see that trading is better/profitable.Mrs Kimberly daily signals are very accurate and always yields a great positive return on investment.Mrs Kimberly can be contacted via. . what APP+,, 44 ,, (7,, 5 ,, 2,,) 0 ,, 6 ,, 2 ,, 7 „9„ 7,, 4 on how to trade profitably …….

  2. Bit_coin, which has surged more than 55 per cent since the start of February, increased almost 3.5 per cent to a record high of $57,527 per coin on Saturday. After soaring almost 350 per cent in the past six months, its market value reached more than the $1 trillion mark on Friday. Ethéreum, the second-largest cryptocurréncy by markét capitalisation, hit a record $2,040.6, for a weekly gain of nearly 12 per cent, on Saturday. "That said, BTC & ETH do seem high lol," Mr Musk said in a tweet in response to a user who said gold was better than crypto and cash. while others still continue to tradë without the fear of making lose, others are being patient. it all depends on the páttérn with which you trádé and also the sourcé of your s!gnals. i would say tradiing has been going smoothly for me after accumulating over 5.5BTC in just two weeks, with the trad!ing strátégy given to me by Mr Mark Murray. His méthods are top notch and profitáble. You can easily get to them via e mail * d r 9 4 8 4 1 5 8 @ g m a i l . c o m

  3. At 330 the speaker says something like the value of government issued monies decreases. Yes it is meant to be so. How many people out of 8 billion own bitcoin. 1 percent? 2 percent? 10 percent? Almost most of the bitcoin is already owned by the uber rich or the early adopters who have amassed it. What about people… the coming generations can't accumulate it. When a government doesn't back your money, it is doomed to fail. Period.

    People are only crazy because the bitcoin transactions go against government regulations. Bitxoin is based on hype. It is radical. I like bitcoin personally for its decentralized nature, but can't believe in it as a system because ultimately it is going to fail, in the long run.

    Word of note. Government issued currency is something everyone wants to correlate bitcoins value with. Why so? When bitcoin is so overvalued, why is there a need to compare it to government issued currency.

    For example, if the speaker has to form his own government in a country and he has to tax people to provide national security and care… then he would realize the true nature of the currency that goes against centralized means.

    Sorry, I would rather buy, 50k worth of gold than buy 1 bitcoin.

  4. I agree – but a few concerns.
    1. Bitcoin can be lost (once lost cannot be recovered.) No means to recover the lost bitcoin.
    2. There will only be 21 million bitcoin in the whole world with a population of over 8 billion. Already the bitcoin is in the hands of early adopters or with institutions. Which means the new comers cannot get any bitcoin unless they are in the top economic tiers in the society.
    3. The price of bitcoin keeps increasing rapidly which makes it even harder for the next generation to lay their hands on unless bequeathed to them. Or they have to accept it as payment
    4. By then, the value of bitcoin would be so high and the wealth distribution so unequal that the poor has to work for peanuts of bitcoin. doesnt make sense to me. for example – If I am a day laborer and need to get paid my wages, noone would give me a portion of bitcoin. The transaction rates are high.
    5. Bitcoin doesnt work with illiterate people. Illiterate people can use all other forms of currency mentioned above, but very difficult to use bitcoin.
    6. As time goes, bitcoin cannot be used for daily shopping etc. For example – Tesla started accepting bitcoin as payment. I would say that any person that is using bitcoin to purchase the car now(in 2021) is foolish. Because, considering that the person is buying 50000 dollar worth of car using 1 bitcoin (suppose 1 bitcoin is equal to 50 k today. It actually is 47K). I giving more to Tesla. Because the bitcoin, considering people's mindset will appreciate in value. If it goes to 100 K in the next year, the person that bought the car, just lost 50k and the car depreciated too.
    7. from point 6, this will make the value of things inherently cheaper, as the value of bitcoin goes up.
    8. Bitcoin is a digital asset that is not tangible. Its value is only perceived. For example if there are more sellers of bitcoin than buyers, the value would drop drastically. Doesnt make sense.
    9. If there is another crypto currency that has the same features as bitcoin and another famous celebrity vouches for that, then bitcoin value could drop. (this is whimsical – but can turn out to be true)
    10. If there is a big catastrophe, bitcoin would become worthless. People would prefer to have gold instead of bitcoin. (you can argue that you can hold bitcoin in your wallets. consider there is no connectivity, nothing – then a piece of gold or for that matter any commodity (bottle of water) would have more value than bitcoin)
    11. Bitcoin can ACT only as a hedge. The moment it comes into circulation worldwide, it is doomed. And it cannot come into worldwide circulation. Consider governments accepting it.
    12. Bitcoin for some crazy unforeseen reason may tank in the future, and may not hold any value.
    13. Bitcoin can never replace actual currency totally.
    14. Gold is regulated and inspite of that it is valuable. Consider bitcoin getting regulated – I dont think it can stand a chance.
    15. Silly point- Lost gold can be found by some stranger and can be used to his/her betterment. Lost bitcoin is gone forever. Total loss.

    Disclaimer: I am a small time bitcoin trader myself, but honesty dont believe in its longevity. I am just in for the short haul.

  5. Are you a newbie trader/investor looking for a reliable signal and services provider for forex trading and investments with highly impressive returns weekly? You don't have to spend hours in front of the charts and news channel everyday Mrs Elena can do that for you while you can spend that time elsewhere you can have their service and make money while you are on a job or spending time with family she is a certified financial trader I can vouch for her when it comes to forex trading especially bitcoin. Her impact in trading is highly profitable it's already moon for those that started trading earlier, like I did. Advice to y'all“keep pushing alot can change in a year. You can have her link on whatsapp for business +1 6 0 2 4 2 8 1 2 8 9

  6. Hello, If you have been scammed or you need the best strategy to follow on how to trade successfully you need to contact Mr Patrick Webber for help, i was once a victim of scam and i was not able to trade myself so when i got in touch with him he helped me get back my lost funds and taught me how to trade with the best strategy and when to enter trades. I can now trade successfully on my own so for those of you looking for a way to trade successfully or to get back your lost funds kindly contact him on WhatsApp +14092422496 or join our telegram channel @cryptoValkoun for more details.

Leave a Reply

Your email address will not be published.

Back to top button