5 key takeaways from Glenn's special show on Bitcoin

If you've been listening to the show for the past week, one thing is abundantly clear: Glenn knows almost nothing about how Bitcoin works. And to be honest, neither do the rest of us on the team. So Glenn and his EP Tiffany put together a special show where experts explained exactly what Bitcoin was and how it works. Elizabeth Ploshay, a Bitcoin Foundation board member, Jeffrey Tucker of Liberty.me, and Kristov Atlas, the author of Anonymous Bitcoin, all joined Glenn for this special Bitcoin episode.

Before you get started, here is a quick Bitcoin tutorial:

So what were some of the key points from tonight's show?

1) Acceptance of Bitcoin is rapidly expanding

Bitcoin is now an acceptable form of payment at 60,000 merchants worldwide, 50,000 of those added in one year. Glenn said: "I will tell you I love the innovation of it. People are trying to find a way out of the mess politicians and the central banks have created. The free market always wins. Big government can rack their brains all day long, and they will never, ever, ever, be able to duplicate the innovative spirit of the collective American public. One guy has an idea, and it starts like a grass fire."

2) It’s both a currency and a payment system.

Jeffrey Tucker:  If you took away the payment system associated with Bitcoin, Bitcoin would be worth zero right now.  It’s the payment network that gives it value.  It’s both a currency and a payment system.  That’s a little strange.  We’re used to thinking of those things as separate.  You know, we think of like dollars, and then we think of like PayPal or something or Visa, MasterCard.  With Bitcoin, they’re both united.  Payment system and the currency are one single thing, and it’s the sheer efficacy and brilliance of the payment system that led Bitcoin to have value.

Bitcoin lived on the Internet for ten months at a zero price, and it was only once the payment system was tested and tested and tested again, the market said this is extremely cool, this is amazing.  You can transfer stuff from here to there, anywhere in the world, direct peer to peer.  That’s a valuable thing to have, and then it obtained value. 

3) You can actually use it to buy stuff in the real world

Elizabeth Ploshay: You can use Bitcoin for so many things.  You can use it to buy plane tickets.  You can buy food with it.  You can use it for charitable donations.  The best thing about it is you can reach people around the world.  There are 2.5 billion people around the world who don’t have bank accounts.  You can send money to those individuals without a bank account, so practical things but also helping people in need.

4) There are no central banks like The Federal Reserve

Elizabeth Ploshay: Trustless peer-to-peer system, direct transfer of funds, no trust in one central point of failure.

Kristov Atlas: When it’s centralized, when we have the government or some company doing it, then things are easy.  They can mint the units of currency.  They can validate the transactions are not fraudulent.  When you have a peer-to-peer basis, then you have to make sure that enough honest people are able to do all the stuff that the system is going to work, and that’s the genius of Bitcoin is they figured out ways for people to validate these transactions and to mint the new coins in a fair way that everyone is going to agree on and that’s going to be predictable in the future.

5) It has a limited supply

Kristov:  There’s social and economic forces at play basically.  So if you wanted to change this limit, there’s about 21 million Bitcoins that are supposed to ever be in existence, and we’ll get to that point, we’ll be mined out of Bitcoins somewhere around the year 2140.  If you wanted to change that, you would have to convince all these people running Bitcoin software that they need to agree to this change, they need to run a new version of Bitcoin based on changing this $21 million limit. 

But we know that investors all value Bitcoins based on everyone agreeing that there is this $21 million limit.  If you try to extend that, it’s going to debase their investment.  Investors are going to dump their Bitcoins right away.  They want to get out of it.  Everyone knows this, and so there’s no way you’re going to convince people to switch over to this new version.

More in the interview below:

Everything comes down to the two Senate runoffs in Georgia. If we lose both races, we lose the country. Democrats know this and are pouring in millions to usher in a Marxist agenda.

As the Left tries to hide how radical the two candidates really are, Glenn takes us inside the Democrat war room to expose the wolf in pastor's clothing, Raphael Warnock, and America's Justin Trudeau, Jon Ossoff. Socialism, the Green New Deal, and "defund the police" are all on the table. And Glenn warns of what's to come if conservatives don't activate: Chuck Schumer will weaponize the Senate, and the radical Left will launch an all-out assault to ravage the Constitution.

Watch the full special below:

The election and its aftermath are the most important stories in America. That's why we're offering our most timely discount ever: $30 off a one-year subscription to BlazeTV with code "GLENN." With BlazeTV, you get the unvarnished truth from the most pro-America network in the country, free from Big Tech and MSM censors.

Sen. Ted Cruz (R-Texas) joined the "Glenn Beck Radio Program" to explain how mail-in ballots are typically disqualified during recounts at a far higher rate than in-person, Election Day ballots, and why this is "good news" for President Donald Trump's legal battle over the election.

"One of the things that gives the greatest cause for optimism is, this election ... there's a pretty marked disparity in terms of how the votes were distributed. On Election Day, with in-person voting, Donald Trump won a significant majority of the votes cast on in-person voting on Election Day. Of mail-in voting, Joe Biden won a significant majority of the votes cast early on mail-in voting," Cruz explained.

"Now, here's the good news: If you look historically to recounts, if you look historically to election litigation, the votes cast in person on Election Day tend to stand. It's sort of hard to screw that up. Those votes are generally legal, and they're not set aside. Mail-in votes historically have a much higher rate of rejection … when they're examined, there are a whole series of legal requirements that vary state by state, but mail-in votes consistently have a higher rate of rejection, which suggests that as these votes begin being examined and subjected to scrutiny, that you're going to see Joe Biden's vote tallies go down. That's a good thing," he added. "The challenge is, for President Trump to prevail, he's got to run the table. He's got to win, not just in one state but in several states. That makes it a lot harder to prevail in the litigation. I hope that he does so, but it is a real challenge and we shouldn't try to convince ourselves otherwise."

Watch the video clip below to catch more of the conversation:

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Fox News senior meteorologist Janice Dean is perhaps even more disgusted with New York Gov. Andrew Cuomo (D) for his coronavirus response than BlazeTV's Stu Burguiere (read what Stu has to say on the subject here), and for a good reason.

She lost both of her in-laws to COVID-19 in New York's nursing homes after Gov. Cuomo's infamous nursing home mandate, which Cuomo has since had scrubbed from the state's website and blamed everyone from the New York Post to nursing care workers to (every leftist's favorite scapegoat) President Donald Trump.

Janice joined Glenn and Stu on the "Glenn Beck Radio Program" Tuesday to ask why mainstream media is not holding Gov. Cuomo — who recently published a book about his leadership during the COVID-19 pandemic — accountable?

"I'm vocal because I have not seen the mainstream media ask these questions or demand accountability of their leaders. [Cuomo] really has been ruling with an iron fist, and every time he does get asked a question, he blames everybody else except the person that signed that order," Janice said.

"In my mind, he's profiting off the over 30 thousand New Yorkers, including my in-laws, that died by publishing a book on 'leadership' of New York," she added. "His order has helped kill thousands of relatives of New York state. And this is not political, Glenn. This is not about Republican or Democrat. My in-laws were registered Democrats. This is not about politics. This is about accountability for something that went wrong, and it's because of your [Cuomo's] leadership that we're put into this situation."

Watch the video excerpt from the show below:

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As America grows divided and afraid to disagree with the Democrats' woke plan for America, Megyn Kelly is ready to fight back for the truth. For nearly two decades, she navigated the volatile and broken world of the media. But as America leans on independent voices more than ever, she's breaking new ground with "The Megyn Kelly Show."

She joined the latest Glenn Beck Podcast to break down what's coming next after the election: Black Lives Matter is mainstream, leftists are making lists of Trump supporters, and the Hunter Biden scandal is on the back burner.

Megyn and Glenn reminisce about their cable news days (including her infamous run-in with then-presidential candidate Donald Trump) and to look into the chaotic and shady world of journalism and the growing entitlement it's bred. For example, many conservatives have been shocked by how Fox News handled the election.

Megyn defended Fox News, saying she believes Fox News' mission "is a good one," but also didn't hold back on hosts like Neil Cavuto, who cut off a White House briefing to fact check it — something she never would have done, even while covering President Obama.

Megyn also shared this insightful takeaway from her time at NBC: "Jane Fonda was an ass."

Watch the full podcast here:

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