Btcmyk Up Over 3000%

Welcome back to the channel, guys. I hope you're having a great afternoon. We want to talk today about Bitcoin MYK, what's going on with it. It has spiked up well over 3,000%, came back down to settle right around, right around a 3,000% gain. Right? So what is sparking this craziness in the Bitcoin MYK token, right? So as we had discussed, what a lot has been happening the run of the day, uh, with AI automation jobs the, uh, basically the economy. Is crypto tied to the, uh, to the standard economy? Some believe so. Some believe, uh, certain aspects of cryptocurrency trades adverse to the, um, uh, the standard economy. And so, um, we have watched this decline in cryptocurrency At the same time, the standard economy declines, and so that, that brings people to believe that they could be actually tied together. If you look at something like Bitcoin, which is basically— some of us think of it as a type of gold 2.0, as it were. And so then if Bitcoin is gold 2.0, when the price of gold is basically going on a rampage, the dollar's falling, and people are taking shelter into gold, you would think that the same thing would happen with Bitcoin. Unfortunately, that's not always the case, and you would think that it would be a dramatic change in the price of Bitcoin, that the Bitcoin price would be running up, going crazy, right? And so that kind of creates this big tie between Bitcoin and the standard economy that is pretty much on par with it. As we haven't quite seen that as of yet, right? We have seen Bitcoin over time grow, the network, the brand effect of the network grow, which has been a good thing. But to say it's kind of trading in relation like it should if it were some type of version of gold. That doesn't seem to be the case. Bitcoin MYK, on the other hand, does seem to be doing something quite similar, but I think for different reasons, right? So if you understand Bitcoin MYK, what is it at its, at its you know, at the core, right? And what it is essentially is a— we like to think of it as like a version of Bitcoin that distributes the citizen's dividend or universal basic income to the population. In retrospect, what this does is that it creates a network, a vast network of users. And we know under Metcalfe's Law, the more users you have, it is tied proportional to the size of the network. You know, just in a, in a, in a very, uh, simple terms, um, you know, the bigger the network is, the, the more value, the more payment channels you're going to have, and so on and so forth, right? And so that tends to make sense in association with the value, right? Um, in addition to that, um, we think just as, uh, Bitcoin MYK is on this growth spurt, um, with the relationship of it with its social network, um, you know, social networks tend to grow. Right? They, they tend to, um, gain in value as more users come in. And I think this is just a time when our AI and technology is growing so fast that people are scrambling for solutions. And from what we're seeing with the government, I think people, uh, are getting less interested in government solutions as the government at times seems to, uh, basically fall apart, shut down. And so, um, Bitcoin MYK in its own ecosystem could potentially, uh, create, uh, and, uh, establish some of those safety, uh, protocols, as it were, to, uh, basically handle some of these problems with whether it be AI taking away or displacing jobs and workers and so or whether it just be being a more sound money payment system in order to get people to be more safe with the stability of their money, right? And that their labor isn't being exploited and, you know, basically weakened by the structure, as it were. So here on BitcoinMYK, We can see these aspects of the emergence of the social network with these, um, basically value transfer systems. Um, now if you look at something like Twitter, right, purchased by Elon Musk for $44 billion, that tells us the tremendous value in association with social networks, right, onto themselves. But one big, um, basically endeavor of Twitter has been to kind of create this situation where you kind of have these— this everything app of a payment gateway. And then you have the, the vast— you have these vast payment channels, uh, through the social media application itself. And then you would have all of these participants, right? The billions, as it were. And as they've been working to develop systems like this, right, uh, through blockchain technology, we're able to create a viewpoint into what systems like this would look like. And, um, keeping this as a very decentralized, right, that's very important, that People understand decentralized, meaning that these networks are created by the community, they're grown by the community. There's no board of directors where there's a group of people making all these decisions and they're deciding, you know, who gets to say what, do what, and so on. And, you know, you got these central figures, board of directors, owns all the shares of the companies. Your participation and the people involved in networks such as these, um, is what's driving the, the, uh, the value transfer in this system. And it is owned and controlled by the people, um, and so in that sense it's decentralized, right, into where the people, the communities, controls these networks. And I think that's going to be— these are going to be very important models going forward into the future because they're going to allow us to deal with the idea of automation, right? So, you know, when you're dealing with these, um, situations with artificial intelligence and how are you going to feed people, how are you going to give people work and jobs and meaning in life, right? When these things can be taken away. There are episodes of shows like Black Mirror that create these future dystopian models, right, where you get to see, um, you know, bad ideas of what can happen where you're dealing with something with like a social credit system, or you're dealing with something like universal basic income, or you're dealing with some avenue of where it's these futuristic societies where it's all government controlled and the government feeds you and they do this and that. And whereas that could be one nightmare-like vision of the future, it is also interesting to note that these very same systems can exist in a more healthy, useful aspect using the same technology and methods to create good distribution systems, good, more cohesive community governance models, right? Where you can basically vote on things, make decisions in these like decentralized organizations where things are getting done outside the government, right? Because A lot of people like the idea of the government money, government protections, government regulations until the government breaks and then nobody likes those things. So what you're looking at guys is, or what we're asking you to consider is that what happens when you have entities like this, these social networks that are value transfer systems that can feed people, that can be solutions to jobs as, as crazy as it sounds, we can now, uh, in a realistic way, imagine a world where robots are doing most of our labor and we're sitting around, we're on social media, we're playing games, we're doing creative things, and these things are simultaneously our value systems, and they're feeding us, and they're giving us money, and they're giving us meaning. And things like that. And so what we're saying is we're already experimenting with systems like this in order to be a solution to a very complicated, serious problem that should be up there on scale with nuclear proliferation, with, uh, climate change. It should be high on the list, and that should be how to deal with automation of everything a human can do, right? Because the only other solution would be to hold technology and robots back, which never really works. That's never probably going to work. We're probably always going to have a set of circumstances where it is necessary to, um, You know, um, where technology is going to take over, right? And so I would like to believe that's why the Bitcoin NYK project, uh, the coin price is up like 3,000%. But realistically, the reason that the price is probably up like 3,000% is due to speculation. There's a problem in cryptocurrency There's a problem in Bitcoin. This is a problem in the casino of, of the crypto economy, and it's one that we've had trouble with a long time. Now, all that said, even when you get spikes in prices or you get gains in cryptocurrency or you get growth or what have you, um, Even in those cases where you're having these things occur, I think it's important to understand that, um, when this happens in some cryptocurrency, that doesn't necessarily mean, uh, that they aren't as valuable as the price is projected. There are cases where the cryptocurrencies can be underpriced or overpriced, and that all depends on project, right? In certain projects, right, where there is growth, where there is usership, where there is need and there is utility, these prices could accurately reflect their value, especially if they're underpriced, right? But it is very, uh, uh, uh, necessary that you understand that these are very risky, highly speculative asset classes. And because of that, even at this point with Bitcoin, I still see it as speculative, right? And that's the major driver force over the usefulness of a utility, because much like many of you, I don't have to use Bitcoin every day, right? I don't have to use Bitcoin at all. In most cases. But as you can see here, telecommunications networks are a necessary part of the human culture, right? And so it— whereas it's not necessary for me to use Bitcoin, right? I want you guys to hear me, understand me well. It is necessary for many of us to get on social media and communicate. Why is that? Because a lot of our news is coming through social media, right? A lot of our relationships are formed through social media. And unfortunately, whether this be good or bad, a lot of us are not as social as we used to be. So many people are home doing a lot of socializing, fortunate or unfortunately, online, right? The overall point I'm trying to make about all these guys is that social media is a very daily necessity at this stage for human beings, not just in their— in these social aspects of their lives, but also in the business aspects of their lives. And when you combine this with, um, the financial movement of value, right, then that is a very interesting dynamic and one that I would think is very useful if everybody's there kind of in the same place. They're connected to your payment gateway, you're communicating with them, now you can send them value, money, or what have you, where you're creating this money right through your activity. You come on, you do this, and you're actually minting these coins, you're creating creating them for use, then in those particular cases, I would think that that kind of would justify the value and price of projects like this. Of course, that's saying something entirely different if your crypto— if the cryptocurrency itself, if the currency itself, the product itself is only kind of used just for speculative nature. If it's supposed to be gold but it doesn't act like gold, is it really a good gold, right? And all these, um, questions arise, right? Is it just brand effect? Is it just marketing? Is it just brand awareness? Or is it something that you can see yourself using daily, right? And over here at BitcoinMYK, we have people come on every day communicating, making friends, being part of our community. And we invite you all to do the same, right? But we would like to believe that's what's justifying the price. But we could— we can say this about the price, ultimately, right? You can come in, you can mint this coin absolutely free. You don't have to purchase it. And so the— this is a real project. So the entire idea of looking at it as a speculative thing that, oh, I'm, you know, I'm going to be able to get some fiat currency with it and pay for my gas and pay for my bills. Okay, that's great, but it's so much more than that, guys, because if you look at it like that, what you're actually doing is you're kind of looped yourself into the standard economy, where, whereas you might have was hoping that the standard economy, uh, would start finding solutions, or you factored it doesn't, and so you're looking for another way like blockchain technology. But if you're on that speculative roller coaster, then all you're really doing is looping yourself back to fiat currency. Like, you're not really trying to solve the problem of keeping cryptocurrency in its own ecosystem, that these are going to be currencies that you can use every day, and that these are going to be currencies that are really part of your life, right? And I think until you get to that point, you're never going to really have the value or success in, say, cryptocurrencies. Right now, Bitcoin— 87% of Bitcoin is owned only by 1%, right? So those are the real participants. The rest of the 90-some-odd percent people right, um, that aren't really participants are the people who aren't benefiting from it, right, the most. And so all these things are important to keep in mind when understanding this. So are the prices for Bitcoin and YK justified? I think so, right? I think it's undervalued and so on. But more than that, I think it's important to really understand what it is and that it is solution to a severe problem, to an unavoidable problem of what to do about job displacement, automation, robots, uh, what to do about the failing state of our economies and so on. And, um, you can experiment with Bitcoin MYK today. You can mint the cryptocurrency free. And I think that's also another factor we need to look at in legitimate good cryptocurrencies. As I recall, I was, I was around in the very, very early days of Bitcoin. I had Bitcoin very, very early on, around 2010, 2011. And I think it's very important to understand that a lot of Bitcoin was given away free back then, right? It was just being distributed out. A lot of the development that was doing. It was, it was being done pro bono, right? People weren't getting paid and so on. And it definitely, most certainly wasn't speculation in the marketplace that was significant, right? That was like a— the exchange was a joke. It was something much, much later on. Well, now all those things have changed, but the nature of, of what those things were about hasn't. And the components, I believe, of good cryptocurrencies. You have speculative cryptocurrencies where people just pushing them up and they're calling these things good. But when you see use cases, when you see people joining networks, when you see people really using this stuff every day and it's become part of their lives, right, that's when you really are dealing with something special, right? Something that's very So be mindful of those things when you want to play the gambling casino of cryptocurrencies and so on. And understand that whereas a lot of people are still saying things like, oh, you know, use cases don't matter if you're not making any money, you know, just keep speculating and buy this meme coin, that— just keep in mind that where these people end up, you know, where those circumstances end up, right? Does it end up like the shell games that we're experiencing in our standard economy, which is the very reason many of us fled to cryptocurrencies and blockchain technologies? But to flee from the standard economy because you think it's a rigged game, or you think it's a shell game, or you think it's a Wall Street game, or you think it's a con game, Uh, whatever those things, reasons are, bringing them to cryptocurrency and choosing the very aspects of cryptocurrency that mirrors that doesn't seem like much of a solution to me, right? So let's look at this thing for what it really is. Stop looking at this as a cryptocurrency to make a few bucks and look at this thing and go, is this the really the type of products I want you want to use every day? Uh, should I own my social media? Should I get paid a tech check for my data and use and so on, right? Uh, is these telecommunication networks necessary to me? When I get up in the morning, do I log on my social media, see what's going on, right? And so on, right? And so those are all very important things I think you should consider when you watch videos like Bitcoin NYK and you try to gauge what this is all about. But that's all I want to say in this video, guys. If you like content like this, don't forget to like, subscribe. Until next time, as always, take care of yourselves, each other. Look in the description box, there should be a link to join Bitcoin NYK today. You definitely want to do that. Take care.