BSV IS THE BASEL III GOLD COLLATERAL: HOW TO BE YOUR OWN BANK (WITH PROTON LOAN)

Summary

In this episode of 'Crypto Current,' host Crypt Rick delves into how to become your own Basel 3 compliant bank using Bitcoin SV (BSV), Proton loans, and physical gold. He outlines a three-step process: acquiring BSV, Proton loans, and gold. Rick argues that BSV is akin to digital gold, essential for central and regional banks to maintain trust and fulfill reserve requirements. He discusses the potential of BSV to absorb the value of the world's gold, emphasizing its classification as a commodity, not a security. The episode also explores the use of Proton loans in this system and the role of physical gold, albeit as an optional component. Rick concludes with esoteric interpretations, citing various sources to reinforce BSV's significance in the future financial landscape. The presentation, while informative, is framed as a thought experiment rather than financial advice.

Takeaways

• 💰 The three steps to becoming your own Basel 3 compliant bank include acquiring BSV, Proton Loan, and physical gold.
• 🔥 BSV is considered the digital gold necessary for central and regional banks to lend money, providing a new trust system to replace fiat currency.
• 💎 Bitcoin (BSV) is defined as a commodity, similar to gold or oil, rather than a security, emphasizing its value and utility in the economic system.
• 💵 The total value of gold in the world is about $13 trillion, and BSV aims to absorb this value, theoretically equalizing 1 BSV to 277 ounces of gold.
• 🔒 BSV's utility as a digital gold commodity positions it as a critical asset for banks to meet Basel 3 compliance by holding minimum reserves.
• 💳 Proton Loan is highlighted as a compliant lending platform that utilizes BSV for loans, promising a seamless and instant borrowing experience.
• 💸 Physical gold is mentioned as optional due to the digital tokenization of assets like BSV, which could serve as a more practical form of gold storage.
• 🔍 The narrative suggests a future where BSV is recognized as the primary digital gold, essential for banking operations and securing loans.
• 🚩 Ripple and Metallicus are hinted at playing significant roles in the future financial system, with BSV and Proton products central to this transformation.
• 📈 The presentation concludes with an esoteric analysis, linking BSV to gold through various proofs and predictions, emphasizing its potential as the new standard for digital value.

Q & A

What are the three steps mentioned in the script to become a Basel III compliant bank?

The three steps mentioned are: 1) Acquire BSV, 2) Acquire ProtonLoan, and 3) Acquire physical gold.

Why is BSV considered as digital gold according to the script?

The script claims that BSV is considered digital gold because Craig S. Wright affirms that Bitcoin is the only commodity, and commodities like gold are used to back currencies and provide value.

How does the script suggest BSV could absorb the $13 trillion value of gold in the world?

The script suggests that if BSV's value inflates to $13 million per coin, then the 21 million BSVs would absorb the $13 trillion value of gold on a 1:1 ratio.

What is the purpose of acquiring a ProtonLoan according to the script?

The script suggests acquiring a ProtonLoan, which is a compliant on-chain loan product, to offset taxes and multiply wealth by borrowing against collateral like BSV.

Why does the script mention acquiring physical gold as an optional step?

The script suggests that acquiring physical gold is optional because all assets, including gold, will be tokenized on the BSV blockchain and linked to a digital ID, making physical possession unnecessary.

What role does the script suggest BSV will play during a potential cyber attack or financial crisis?

The script claims that during a cyber attack or financial crisis, BSV will be seen as a 'flight to safety' due to its secure network, prompting people to move their wealth into BSV.

How does the script justify the claim that BSV will be the Basel III compliant digital gold?

The script cites evidence from Craig S. Wright's statements, BlackRock's comments about Bitcoin being a 'flight to safety,' the tokenomics of BSV, and the ongoing Kleiman v. Wright case as supporting the idea that BSV will be recognized as digital gold for Basel III compliance.

What does the script suggest is the best way to 'punish the elites'?

The script suggests that the best way to punish the elites is by acquiring assets like gold, silver, BSV, and ProtonLoan, essentially beating them at their own game.

What esoteric references does the script make to support its claims about BSV?

The script references esoteric clues from Mr. Pool's artwork, the Simpsons episode 13-31, and the significance of the number 13 and $13 million in relation to BSV's potential value.

What does the script advise viewers to do with the information provided?

The script advises viewers to hold onto their BSV coins, stating that 'none of this is meant to be accurate financial advice,' and that the information is a 'thought experiment' on how the new decentralized finance system could unfold.