1 00:00:00,000 --> 00:00:01,820 What is cryptocurrency? 2 00:00:02,960 --> 00:00:13,300 Cryptocurrency is a monetary system through which you can buy all kinds of things, real estate, cars, clothes, food, you name it. 3 00:00:13,300 --> 00:00:29,040 If you search Google enough, that is permissionless, meaning we don't need anybody's permission to transfer money to Iran, Iraq, England, Japan. 4 00:00:30,000 --> 00:00:33,980 Like you'd have to do with U.S. dollars or any other currency. 5 00:00:33,980 --> 00:00:37,340 You've got to get up, get out of bed, go to the bank, fill out forms. 6 00:00:38,340 --> 00:00:45,680 If you're trying to send it to a country that the U.S. doesn't like, they're going to say, no, you have no permission to do that, etc., etc. 7 00:00:46,180 --> 00:00:48,300 Then you go back home, that took you an hour. 8 00:00:48,820 --> 00:00:53,620 With cryptocurrency, you have a wallet that's on your smartphone or wherever you want to put the wallet. 9 00:00:54,560 --> 00:00:59,480 And you simply put in the address of the person you want to send the money to and send it. 10 00:01:00,000 --> 00:01:03,520 It takes 30 seconds, and then you go back to bed. 11 00:01:05,080 --> 00:01:09,260 It is permissionless and trustless. 12 00:01:09,360 --> 00:01:10,580 You don't have to trust anybody. 13 00:01:11,020 --> 00:01:12,360 You don't have to trust your bank. 14 00:01:12,360 --> 00:01:21,300 You don't have to trust any money transfer agency like MoneyGram, etc. 15 00:01:21,300 --> 00:01:28,560 No, it's simply between you and the person you're transacting business with. 16 00:01:29,340 --> 00:01:32,980 The only thing you have to trust is the mathematics of this process. 17 00:01:32,980 --> 00:01:38,380 And you need to only trust the fact that 2 plus 2 will always be 4. 18 00:01:39,220 --> 00:01:41,320 That's the beauty of cryptocurrency. 19 00:01:41,320 --> 00:01:43,780 Why is it important, people? 20 00:01:45,220 --> 00:01:52,760 It's important because you may not realize it, but now you are a slave to the fiat currency, 21 00:01:52,760 --> 00:01:56,480 the U.S. dollars, the yens, the euros that you have to use. 22 00:01:56,560 --> 00:01:58,040 You can't do anything without them. 23 00:01:58,040 --> 00:02:07,040 And you must have permission to use them, and you must trust somebody in order to transact business. 24 00:02:07,720 --> 00:02:16,840 Please, Google cryptocurrency, privacy coins, and enlarge your life. 25 00:02:17,180 --> 00:02:17,600 Thank you.