imagine your city is actively being destroyed, and you have no idea it is happening. I'm like literally at the center of this city, and no one knows about this. Somewhere in Romania, why Romania? I don't know, it just seems like sketchy goes down there. I have no clue, no clue. New York, it is prag to understand what's really happening here. We need to look into the past, present, and future of the city. It's just wherever you go, it's beautiful. You have all of those bridges, all of those awesome buildings, and then every now and there, you have this very, very ugly stuff in between where you're just like, who approved this? What the is this? Why is this in the city? And I'm not the only one who noticed this. Yo, buddy, this is Eric. I know this guy. How you doing? Good to see you walk down here, and you can see all these buildings that were made during an era of hard money, and then in between them, you can see all this Fiat-induced garbage. So if you walk through the

streets. You might be not noticing what's around you, but if you look closely, there is history in every tile, in every house. Standing here, it seems like Prague was built by two kinds of different architects: one which cared a lot about beauty and longevity, and the other ones didn't care about it at all. I mean, what even is this? Can you call this architecture? Well, it's not about the different architects who built Prague, it's the money that influenced all of them. The currency of each era shaped how they designed and constructed these buildings, so Prague's architecture actually tells a fascinating story about the money used here. Compare this to this one. I don't understand what people like about this, but this is the reality in Prague. To understand what is happening here, we need to look at the past of the city. During the gold standard era, you could see lots of ornamentation. The visual style was something really special. When your society runs on hard money like gold, this encourages long-term planning because this society can trust that the

money will retain its value over time as a result. This mindset inspired the construction of long-lasting and beautiful buildings. You took two centuries to build a cathedral, something like that. You're willing even to go past your own lifetime to, uh, you know, build a building that your grandchildren may appreciate, some that, and in Prague, you can actually see this. All the old buildings were constructed with a commitment to long-term durability and beauty. However, if you look at the newer buildings in Prague, you see that they are built completely different - as cheap as possible, as fast as possible, and yeah, it's ugly. As soon as our money entered an inflation period, everything changed. The currency we use today is not a good store of value. Due to inflation, it loses value every year. The longer you wait to spend your money, the less it will buy. So, as a result, we need to spend our money as soon as possible or invest it into something which loses its value slower than the money itself, and one of those things is real estate. Builders will build just anything just to get it.

out there, and people will buy it not because they love the building, but because it's a good store of value versus everything else. So you can see how the money we're using today is influencing our focus on the future. Do everything now and not really care about tomorrow. Instead of saving, we pursue immediate gratification and therefore sacrifice quality and durability in the process. And this shift is clearly reflected in modern architecture. I just walked by a building with these doors. It must have taken a human like a year to make this door. Now it needs to be cut and molded in like 30 seconds in a machine, otherwise it's not profitable. Function is the only thing that matters in these buildings. I mean its primary goal is to be functional, but it's not nice. I want the nice ones like this. Look at this. This trend is happening all around the world in New York, Bangkok, and even in Medellin, Colombia. But in Prague, some people are pushing back against this trend. There is a movement focused on living by a hard

money standard, and it is growing every day. Remember, all of this has to do with the money we use. So here in Prague, more and more people try to save and earn their money in Bitcoin. When first arriving in the city, it seemed that everything is still happening in the underground. Well, I think it's normal before everybody knew that Silicon Valley is the tech capital of the world. It was actually also operating in the underground. This is the first office of amazon.com, working in this garage. Jobs and a high school classmate built this small computer board in small garages and basement. Those enthusiasts and Visionaries worked on their groundbreaking project, and the same thing just with Bitcoin is happening in the underground of this city. It is a birthplace of so many Bitcoin inventions. I like that they put legally on there. I feel like if you have to State legally, it's probably not legal. I'm going to give them some Bitcoin in the city. There are countless stores which accept Bitcoin, so I got my Bitcoin. Actually, it's the most dense when it

comes to businesses accepting Bitcoin in whole Europe. A lot of people here think that by building tools for Bitcoin adoption, we might be able to move away from prioritizing short-term gratification and focus more on long-lasting quality and a sustainable future. First time I'm going to try out my app for the first time and buy some absent with Bitcoin. I live in a country where Bitcoin is not accepted, unfortunately, but that's why I came here to Prague. If we look at the city today, there are thousands of Bitcoin enthusiasts gathering here to discuss innovations at the future of hard money. Every year, Bitcoin is hard money, and therefore the people using it are starting to return to appreciate quality beauty, and they are actually focusing on the long term. The movement in Prague started very early 2010/founded/pool the world's first public mining pool that is their operational under the name of brain spool. Nowadays, Park was also the birthplace of the first hardware wallet in 2013. You need those to store, manage, and

protect your Bitcoin and those Hardware wallets were invented by treaser in prag. Just when I was in prag, they released their treesa Model 5 and an onboarding service for people who are new to bitcoin. We're helping people gain control of their keys, gain control their financial future through Bitcoin. But this is only one company from Satoshi labs, which develops tools to bring us back to the hard money standard. I've tried living solely on Bitcoin in several of my videos, but without all of the work of the company's building tools for us to use on a daily basis, I wouldn't be able to use this money securely. All of the adoption happening here and this event, I think it's fair to say that it's currently the capital of Bitcoin Euro. The only question is if returning to a hard money standard with Bitcoin will also lead us back to building beautiful things like the architecture we've explored in the beginning of this video. Well, the only way we will find out is if we try to build this future together.

How Fiat Money Is Destroying this City (Can Bitcoin Fix it?)

How Fiat Money Is Destroying this City (Can Bitcoin Fix it?)

스크립트