I saw a comment asking what I should do with Bitcoin. I know it's good, but what's the point of it? First, use it as collateral for a contract. I'll explain this later by telling you about the smart contract.

You can move the border. To move the border, you need to report it to the foreign exchange law or report it to the foreign country. Bitcoin can be used anywhere in the world, so it's good for moving the border. Critics say Bitcoin is for money laundering, but it's not.

It's money laundering for criminals to move money, but it's not good for you to report it, get interfered with, and be interfered with whenever you go abroad. But let's think from the perspective of real rich people. If you think about people who have billions of dollars in various countries,

they can use Bitcoin, so Bitcoin won't disappear. Even if Bitcoin disappears, it will need something like Bitcoin. To move with gold, you have to use your brain a lot. There are a lot of movies and stuff like that. But Bitcoin doesn't need to use that kind of brain.

Then criminals will use it. Next time, we'll talk about how to look at Bitcoin morally. Let's focus on this issue. Bitcoin can be used for inflation hedge. Inflation hedge is because the country is spending money, and the value of the money it has is constantly falling.

So what did Koreans do the most to reduce inflation? Real estate. So if we go back to the 1970s, let's say one person put their income in real estate, and the other person put their income in regular savings. So let's say you've been poor for 30 years.

The fate of the two is completely different. The two families will go on a completely different path. People know now. Saving is stupid. If stupid is a little bit, saving is a secondary action. It's for the country. It helps companies to invest with cheap finance.

It's not for me. Of course, Korea is not a cold country. Companies have grown like that. They are now global companies, and they hire the children of those who saved. So with global companies, Korea has helped to rise to the world's level.

I don't think it was stupid. But I want to say this. The innocent era is over. Because Korea has seen an example. China, India, and Vietnam have seen an example. If we didn't have the case, if we saved like that,

if I save 100,000 won a month, I would believe that it would be a few hundred million in 10 years. But Chinese, Indians, and Vietnamese have cases in Korea. If you save as the government wants, it will be a few hundred million as promised.

But you know that a few hundred million won can't buy a house. We've experienced that. People are smart, so they don't fall for it twice. They can be fooled twice, but not three times. So economists say that Bitcoin is an inflation hedge.

They say that Bitcoin is an inflation hedge, but if you ask them, I don't think anyone among the conscientious economists can say that if you save, you will be able to get a fair price in 30 years. I don't think there's anyone.

Because economists think that inflation itself is good. The ideal currency that economists say is a currency that loses value over time. They say that people should believe in that currency and save money with that currency. So economists are making the average person do something that even their family members wouldn't do.

We can see from the actions of the government, how much they like real estate. We've seen how much people who say they want to invest in real estate like real estate. So we can see that people have a moral and a double-sided nature.

They talk about publicity to others, and they pursue their own interests. We can think about how deep their roots are with Bitcoin. If you think about the value of money saved in legal currency and found in 30 years, inflation hedges should be real estate or gold.

It's a headache. And you need a lot of information. But Bitcoin is very simple in that sense. If you buy it, it will be much higher than now in 30 years. No matter how much you give up, it will be better than saving.

Fourth, this is the problem of electricity. No one claims this. Only Otaemin claims this. Bitcoin financializes electricity. This is not what Satoshi Nakamoto intended. If you study Bitcoin with me, you need to study the skeleton deeply.

There are many humanities principles in the skeleton of Bitcoin. But Bitcoin will financialize electricity. What does it mean to financialize electricity? You know that power plants throw away electricity. Why do they throw away electricity? It's good to save electricity and use it when you need it.

But it's not efficient. And all the materials in the battery technology are harmful. It destroys the environment a lot. Making batteries and stuff. Elon Musk is getting a lot of carbon subsidies. Elon Musk boasts that the battery technology is amazing.

But there's a limit. So electricity is not something you can put in a bowl and put it in the refrigerator like food. You just have to think that you have to produce it whenever you need it. Power plants heat up. The basic principle of a power plant is to boil water and turn the turbine with that water.

So the turbine turns and the magnet turns to make electricity. Basically, they boil water. Boil it with nuclear power, coal, oil, or gas. Power plants don't just turn the turbine with the power that comes down.

Solar power boils water. Even if you don't boil water, it's based on a similar principle. Solar power and water power are exceptions. Think about water. It's cheaper to keep it boiling. It's cheaper to boil it whenever you need it.

It's cheaper to keep it boiling. So I don't usually cool it down. You have to keep boiling it. But sometimes you don't use electricity. If you cool it down, boil it again, and raise the temperature, it's going to consume a lot of energy.

So there's basically a lot of waste electricity. In the case of nuclear power, there's a lot more waste electricity than electricity used. So I looked up the paper on Bitcoin. I know that France has a large share of nuclear power, about 70%.

There's a paper on how to throw away the electricity that's going to be used. Do we have to send it to the ground? If we send it to the ground, there's going to be some effect that we don't know about.

I'm thinking about considering this and throwing away the electricity. Bitcoin can be mined at any time for 24 hours. So if you mine the remaining electricity in the power plant, you'll get Bitcoin for free. Then it's Bitcoin, but it's a simulation of the remaining electricity.

It's a transformation of the remaining electricity. This itself is not electricity, but financially, it's worth it, and it's market price. This is how I save my remaining electricity. So how do you get it back to electricity? It's possible in finance.

Because electricity is just at peak time. You can buy electricity by selling the accumulated Bitcoin at the power plant that you need. How do you buy electricity? There are many ways. There's a concept of buying leftover electricity. You can compensate for not using electricity.

At peak time, you'll be compensated for not using electricity. If you have any resources, that's how the original finance is: to fill the gaps between the remaining and the missing. It's not a two-way process. It's a financial system where each party fills the gaps

between the remaining and the missing by selfish desire. It's similar to the time and distance. When there's electricity left, it can be charged with electricity or it can be charged with other rewards. The fact that Bitcoin will be a tool to finance electricity in the development industry

will be a big hit. Now, it's just a talk of Otaemin. In this era, Bitcoin is using electricity. Elon Musk can't use Bitcoin because of electricity. Because of environmental pollution. In this era, the use of Bitcoin can be noticed.

So, as you think, Bitcoin is just a code that's useless. The thought that it's just a number is a question that's embarrassing to ask. If Bitcoin was 7 years ago or 3 years ago, I could ask this question.

People are already using it for that purpose. So, please tell me that you use Bitcoin. Stop talking about buying coffee. You may not be able to buy coffee. But you can gamble. I'll tell you later how important it is to gamble.

Everyone, the money that pirates and gamblers use is real money. You have to keep this in mind. Pirates and gamblers pay me with this money. I only get this money. That's real money. Why do you use it like that?

You don't know when you'll run away. You have to run away somewhere after throwing away your residence. You have to run away and use that money. You need space currency to run away and use it. So, the money that gamblers and pirates want is real money.

Forget about dollars and gold in your head. Change the question like that. What is the money that gamblers and pirates want? Bitcoin is very powerful. So, if you think of Bitcoin as the money of the thieves, it looks very bad.

But if you think of it as the money that pirates **like**, the money that gamblers **like**, the money that human traffickers **want**, and the money that the **world** wants, can you change your perspective? So, what do you use Bitcoin for?

This is a necessary question, but I don't think I should ask it in the future. Because I'm leaving a record of my ignorance too publicly. That's what I'm saying. Thank you.

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