Episode 183: What About Bank On Yourself® and Bitcoin?

In this episode, we ask:

• Do you remember your MySpace password?
• Do you have your bank password somewhere for your kids and grandkids to find?
• Who is Stefan Thomas?
• How did he lose so much Bitcoin?
• What are the risks?
• Does Bitcoin have value?
• Is crypto a way to safeguard wealth?
• What’s to love?
• What is the value of the price of a bitcoin?
• Is this the latest tulip mania?
• Is it the future of money?
• What are the main functions of money?
• What defines money?
• What about blockchain inflation?
• Who owns blockchain patents?
• What about volatility?
• How old is Bitcoin?
• How much would you like to spend on pizza?
• Who uses Bitcoin to buy groceries?
• What about anonymity?
• What about concerns and regulations?
• What did Janet Yellen say?
• What about marketing?
• What about a Bitcoin ATM network?
• Is Bitcoin a medium of exchange?
• What about payment for debts and taxes?
• Why is the U.S. dollar the current medium of exchange?
• Why does the U.S. government want tax in U.S. dollars?
• What about printing money?
• What about modern monetary theory?
• What happened in the 1960s?
• What about the behavior of society?
• What about paying tax with Bitcoin?
• What about reporting crypto holdings?
• What about regulations and oversights?
• What about the benefits?
• What about paying tax on the gains?
• What about the federal reserve?
• What about pension funds?
• Who is G. Edward Griffin?
• What did he say?
• Will the U.S. dollar go away?
• What about the capital?
• Has the government been hands off with crypto?
• What about non-Bitcoin cryptocurrencies?
• What are the main functions of money?
• What about store of value?
• What about the word currency?
• What about flow?
• What about storage?
• How many bitcoins have been lost?
• What about aging?
• How is money like the promise of the future?
• What about commodities?
• What about futures?
• What about gold?
• Is Bitcoin a store of value?
• Is Bitcoin speculation?
• Who is the end user for Bitcoin?
• What about futures contracts?
• How is this like an insurance contract?
• What about beating inflation?
• What about predictability?
• What about 1970s or 1980s inflation?
• What about Bank on Yourself® type dividend paying whole life insurance?
• What about speculation?
• What about your risk tolerance?
• What do you see in crypto?
• Is crypto scarce?
• Is it useful?
• What about a deflationary environment?
• What is the biggest profit centers for insurers?
• What about term insurance policies?
• Will insurers pay in crypto?
• When did the dollar become legal?
• What happened in 1863?
• What is the legally recognized currency?
• Who wins?
• Is whole life insurance immune from financial disaster?
• What about the risks?
• Where is the real education?
• Where does the real transformation occur?