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.

Outlines

00:00

🏦 Becoming a Basel III Compliant Bank with BSV, Proton Loan, and Gold

The first section outlines a method for individuals to become Basel III compliant by acquiring BSV cryptocurrency, Proton loans, and physical gold. The host, Crypt Rick, suggests that BSV serves as digital gold necessary for banks to meet lending requirements due to the diminishing trust in fiat currencies. The argument posits that BSV's classification as a commodity, similar to traditional gold, makes it a suitable collateral for loans. The narrative emphasizes the importance of holding assets with real utility, like gold, to maintain trust in the financial system and meet the Basel III reserve requirements.

05:01

🌐 The Role of BSV in Tokenizing Gold and Meeting Global Reserve Requirements

This segment delves into the specifics of how BSV could potentially tokenize the world's gold reserves, suggesting that if each BSV were valued at $13 million, it could represent the total $13 trillion value of gold globally. The script theorizes that BSV could be exchanged for physical gold, providing a digital means to handle gold reserves and comply with Basel III. The notion extends to Proton loans as a compliant lending mechanism and speculates about the future roles of cryptocurrencies in central banking, hinting at Ripple's potential involvement in reshaping financial institutions.

10:04

🛡️ BSV as a Secure Asset and Future Financial Stability

The third paragraph presents a vision for BSV as a cornerstone of financial security and stability, postulating its role as a 'flight to safety' in future financial crises. It suggests that BSV's inherent security features and potential for significant appreciation in value position it as a reliable asset amidst market instability. The narrative also touches on esoteric and speculative elements, including predictions and symbolism related to BSV's acceptance and integration into the global financial system as a digital equivalent of gold.

15:05

🚀 Empowering Individuals to Challenge Financial Elites with Cryptocurrency

This section encourages individuals to assert financial independence and challenge the established elite by investing in assets like BSV, proton loans, and precious metals. The script conveys a message of empowerment, suggesting that financial autonomy is achievable through strategic asset acquisition. It also touches on the potential for cryptocurrencies to revolutionize lending and banking, moving away from traditional bank-based systems to instant, collateral-based digital loans.

20:07

🧐 Thought Experiment on the Future of DeFi and Personal Wealth Management

The concluding paragraph frames the preceding content as a thought experiment, emphasizing that the ideas presented are speculative insights into the future of decentralized finance (DeFi) and not financial advice. The host encourages viewers to consider these concepts as potential strategies for personal wealth management in a new financial system, while reminding them to approach these ideas with caution and due diligence.

Keywords

💡Basil 3 compliant

Basil 3 compliance refers to the third installment of the Basel Accords, which are international regulatory frameworks for banks, designed to ensure that financial institutions maintain enough capital to meet their obligations and absorb unexpected losses. In the video, the speaker discusses how to become your own Basil 3 compliant bank by acquiring BSV, proton loans, and physical gold, implying that these assets can help meet the Basel III capital requirements.

💡BSV

BSV, or Bitcoin SV, is a cryptocurrency that the speaker suggests is equivalent to digital gold for central banks and regional banks to use as collateral for loans. The video posits that BSV's value will be recognized similarly to physical gold, making it a crucial asset for financial institutions aiming to be Basel III compliant.

💡Proton loan

A proton loan, as mentioned in the video, appears to be a type of financial product that allows individuals to acquire loans compliant with Anti-Money Laundering (AML), Know Your Customer (KYC), and other regulatory standards. The speaker suggests acquiring proton loans as a step towards creating a personal banking system that adheres to Basel III standards.

💡Physical gold

Physical gold is highlighted in the script as a traditional and tangible asset that individuals can acquire to become Basel III compliant. The speaker suggests that holding physical gold, alongside BSV and proton loans, contributes to meeting the necessary capital requirements outlined in the Basel Accords.

💡Digital gold

The term 'digital gold' in the video refers to BSV, which the speaker equates with physical gold in terms of its value and potential use as collateral for loans. The video argues that BSV will be recognized as a commodity, akin to gold, and play a pivotal role in the future financial system.

💡Commodity

In the context of the video, a commodity refers to a basic good used in commerce that is interchangeable with other goods of the same type. The speaker asserts that BSV is considered a commodity, similar to gold or oil, and emphasizes its potential role in stabilizing the financial system by acting as collateral.

💡Tokenization

Tokenization is the process of converting rights to an asset into a digital token on a blockchain. The video suggests that the value of gold can be tokenized into BSV, allowing the digital currency to absorb and reflect the value of physical gold in the financial system.

💡Fractional reserve system

The fractional reserve system is a banking system in which banks only hold a fraction of their depositors' money in reserve, lending out the remainder. The speaker discusses the need for assets like BSV to back loans in this system, ensuring trust and stability in the financial system.

💡KYC/AML

Know Your Customer (KYC) and Anti-Money Laundering (AML) are regulatory standards for financial institutions to prevent fraud and money laundering. The video mentions proton loans as being compliant with these standards, highlighting the importance of regulatory compliance in the proposed banking model.

💡Central banks

Central banks are mentioned in the video as institutions that could use BSV as collateral for issuing loans. The speaker suggests that central banks will need to adopt digital assets like BSV to meet Basel III requirements and ensure the stability of their currency issuance and lending practices.

Highlights

The three steps to be your own Basel III compliant bank: 1) Acquire BSV, 2) Acquire Proton loan, 3) Acquire physical gold.

BSV is considered digital gold, a commodity like gold, metals, and oil, as affirmed by Craig Wright.

The total value of gold in the world ($13 trillion) could be absorbed by BSV, with 1 BSV potentially redeemable for 277 ounces of gold.

The Basel III accords will require central banks to hold a minimum of 2% crypto reserves, likely BSV, from January 2025.

Proton loan is a compliant, on-chain lending platform where you can borrow against your BSV collateral.

Holding physical gold is optional since gold will be tokenized on the BSV blockchain, linked to your digital ID.

BlackRock states that Bitcoin (likely referring to BSV) is a flight to safety asset.

The Kleiman v. Wright case is setting the stage to recognize BSV as a commodity and digital gold.

Acquiring assets like BSV, Proton loan, and digital gold is the way to punish the elites trying to keep this knowledge from the public.

Mr. Pool's art shows that Bitcoin (BSV) will be announced as the first Basel III compliant digital gold for central banks.

The Simpsons episode 13:31 and the $13 trillion gold value calculation further hint at BSV's $13 million per coin price as digital gold.

Having BSV as liquid digital gold is preferable to holding physical gold due to security and transportation risks.

The new DeFi system will involve using BSV as collateral for instant, compliant loans without traditional banking processes.

BSV's SHA-256 security will make it a safe haven when cyber attacks occur, driving more adoption as a flight to safety asset.

The presentation aims to share a thought experiment on how DeFi and the new financial system could unfold, not financial advice.

Transcripts

how to be your own basil 3 compliant

Bank using

bsv proton loan and physical gold so in

this uh episode we're going to be

talking about why bsv is the gold

collateral needed for central banks and

regular Regional Banks to lend out their

money

so if you're new to the channel welcome

to crypto current I'm your host Crypt

Rick and without further Ado let's just

get straight into

it so the three steps if you want to be

your own basil 3 compliant

bank is step one acquire bsv step two

acquire proton loan step three acquire

physical gold congratulations s you are

now about 80% basil 3

compliant so why is it that bsv is the

gold collateral That central banks will

need to use to provide loans and how am

I so confident that this is the

case it's very

simple the trust has gone away with Fiat

money meaning there are no res deserves

gold back currency to provide trust to

continue believing that the dollar has

value so the new system will be geared

towards a gold

backed um lending um type

economy

where assets which are deemed to be

gold are used to give Faith to the

system and a minimum Reserve requirement

is needed as coll Federal to for banks

to then become basil 3 compliant which

means I have to have a minimum level of

reserves Capital uh things of real

utility like gold to actually then

provide

loans so why is it that bsv is digital

gold we know this because chair genla

affirms that Bitcoin is the only

commodity

out so let me just repeat that and and

this is gone kind of above everyone's

head Bitcoin is the only

commodity

right so he is basically telling you

that this is on the same field as gold

Metals oil cuz that's what a commodity

is

so this is proof number one that

Bitcoin is a commodity it's not a

security it's not a

financial uh type uh you know it's going

to be both a currency and a uh uh a

commodity but it's going to be

effectively a

commodity and it's Commodities are

what's what's tying value

to uh you

know basically money

right so it's defined as any useful or

valuable things as example CR grains

coffee oil precious metals are all

Commodities so it makes sense

that if value is given to bsv which it

will and it becomes a kind of digital

gold you could then use that like

Central Bank Banks could use that to

secure loans and provide the capital

requirements right so you're not going

to be able to lend out nothing right

even if you hold proton loan even if you

hold out any other currency any other

crypto you're not going to be able to

land out if you're not basil 3

compliant FB BT and metallicus will use

bsv to secure their loans the proton

loans so we'll talk about this

more so I did a thought

experiment what is the total value of

gold in the world the

value about 13 trillion

right so somehow we need to take 13

trillion of of that value and absorb

that with an asset that reflects that

value but it has to be

something uh that can absorb that amount

of

value so where is it all going to

go

basically it's going to go into a

commodity not a security so people that

saying xrp is going to absorb the gold

tokenization they're

wrong it has to be a

commodity it's that simple

so if

you have

21 million

bsvs and that

bsv you were to inflate to a value of

$13 million a

coin that would

perfectly

tokenize that $13 trillion of gold one

for

one so if you have one 21 million bsvs

times by $ 13 million a coin you roughly

get that $13

trillion and how convenient that the

mathematics adds

up

furthermore if uh we just took a

standard uh so there's apparently about

6 100,000 oz of gold on this

Earth if you were to divide that by 21

million

bsvs you get

277 o so one

bsv can be redeemed for

277 ounces of gold which

means every bsv one theoretically holds

you could redeem for 300 gold coins

probably less because the price of gold

will go

up uh after the revaluation and I

suspect that's what they're going to

do so they're going to make it gold more

expensive so that the

bsv is

uh basically uh you know absorbing that

value so that means that if it absorbs

that value we're looking at half a

million US dollars

easy just putting the ounces of gold on

bsv right

so that's what its purpose is is to

absorb a lot of

value and put it on the blockchain as

collateral as a digital gold

commodity so if you're not familiar with

the bis they have minimum Capital

requirements for Market risk

so there'll be you'll need a minimum

reserve of bsv to be a basil 3 compliant

Bank in

2025 in January which is not by accident

we know the Bitcoin Economist magazine

was dated January 1988 so it'll be 37

years from The Economist magazine will

be three times 37s which is 777 which

has its own meanings

but regardless of the s

TS they will require 2% of your Central

Bank the CB to hold a minimum of 2% of

crypto

reserves now they're not that's not I

mean they could hold other assets I

suppose but it makes more sense that

they're hinting at at least

2% uh crypto Commodities to be the

reserve to then lend it

up

otherwise the fractional Reserve System

will keep breaking down because there's

no trust and there's nothing really to

back it so this is where it's

heading now the next step to being your

own bank is you buy a proton

loan what is proton

loan proton loan

is

arv think

arv or compound or

maker but

compliant full AML

kyc

ofac fully

compliant onchain

kyc and this is basically the metallicus

product and if you guys aren't familiar

with

metallicus it's basically ripples love

child metallicus will be the first

charted crypto Central Bank and in my

opinion will be the Federal Reserve

moving in to 2025 and

Beyond so Marshall haa will be the

federal chair Reserve similar to a a pow

type

guy

and ripple will probably acquire balica

so Ripple may end up being as many

people speculated the new Central Bank

of America something like

that regardless doesn't makes doesn't

really matter at this point what matters

is you can buy the loan the

loaned uh token as as the token is

called loan you could literally buy the

thing that you

could essentially offset all your taxes

with because it's a

loan so for people that haven't used the

Dy you should because you could actually

take out a

loan and not have to speak to anyone you

just log on to

your wallet through the blockchain put

in the capital requirements put in the

collateral take out the

loan and if you don't meet the

requirements it's the button gets gray

out because it's fixed that you have to

put a certain

percentage if you do pass it lights up

then you go click you sign that's it you

got the money straight away

this is the new way of that uh lending

is going to be it's not going to be you

go to a bank and do XY Z it's just going

to be boom have a minimal Capital

requirement and get the loan

instantly so the proof of this

concept is that it's already happening

now you could do it right now if you

wanted to you put in some collateral you

borrow against and it's the end of that

at the at the moment bsv is not listed

but I'll tell you what it will be listed

very

shortly uh at the moment you could take

XPR put it as collateral and then

withdraw more XPR so it's like a a

wealth multiplying

effect so you can see here that there's

a lot of money already on there right

$144 million already on

there so you basically lock up B is

ceral you take out a proton loan you

stake the proton loan you earn rewards

in more loan you can then lend that

proton loan you then earn interest from

that loan you then repay interest from

the collateral your bsv is for is a

forever appreciating asset it will go up

and never stop your Equity will always

increase you can then increase your

borrowable amount and your rinse and

repeat it's basically like a money

printer step three buy physical gold

now obviously you got to have some

physical gold

but in my mind it's kind of optional

because how is anybody going to know you

have physical gold because it's all

going to be tokenized like I said on the

bsv

blockchain because each asset is going

to be uniquely tied to the bullan ID

each ID is going to have its own

fungible identifier and that's going to

be link to your digital

ID

so in theory you could just buy bsv

directly cuz that is going to be the

digital gold but

anyways how do we know once again that

this is an asset that is deemed to be um

stable because once again the crumbs are

Black Rock says that Bitcoin is a flight

to safety now of course he doesn't mean

BTC here think he's talking about

bsv that's why the Copa court case is

happening now because they're building

up to this it's all heelan

dialectics you know it's it's not Jack

dorsy versus Craig R this is about this

here this is about this here this is why

the court case is happening because

they're getting ready to roll out the

legislation to create and identify

Bitcoin is digital gold and a commodity

like CH Ganzo was saying to then use

that to be the basil 3 collateral for

central banks and Regional Banks and not

just that but it's going to be the

flight to safety when things go down

because bsv will be the only secure

network it's sh

256

secured so when everyone has lost their

money with this whole Cyber attack and

then they open their phone after

everything's said and done and they they

see be feed to

$600,000 it's going to be a multiplier

effect cuz everyone's going to now hop

onto that cuz they're going to see that

as the flight to safety oh that was the

thing that survived that's the thing

that was Secure I'm going to move all my

wealth in

that so do you see how this is all

playing in this is why they didn't want

you peasants knowing about

this because if peasants knew this they

could become their own basil 3 compliant

bank and they don't want that they want

you to be miserable they want you to be

poor and they want you to be downcast

and down trotted because that's the best

way to to control

you so how do you make the elite pay is

it by posting on Twitter No is it by

going angry on YouTube no is it by uh

you know wagging your finger and Expos

exposing them no because they don't care

if you expose them how many people have

exposed the elites but big deal that

that the show goes on the only way you

punish them is with your

wallet with your wallet you punish the

elites and beat them at their own game

and acquire the assets like they're

acquiring acquiring the gold acquiring

the silver acquiring the bsv acquiring

the proton loan and the proton products

acquiring the X core which is going to

be xos acquiring these

assets is the best way to punish these

people for trying to Hoodwink

you now that's the technical part of the

presentation so if you're not

esoterically minded you could basically

exit the screen now but if you're

esoterically minded I'll further prove

to you why bsv is the digital go gold

and the gold collateral requirements of

Basil 3 because Mr Loop clearly Mr Paul

clearly shows

you that

it's it is it's got the gold thing here

and the gold coins it's he's telling

you the Bitcoin is a digital commodity

will be announced as the first basil 3

compliant digital

gold and will be needed by all central

banks to hold

so this is not just me postulating and

being like other communities and being

like Oh it's going to tokenize

everything oh it's going to tokenize

Gold the chair gendler proof the Mr pool

proof the tokon nomics proof the think

statement of the flight to

safety all of the and the coper trial

legislation all of these are pointing to

the fact that this is the going to be

the digital digal gold not xrp not all

this other stuff it's

this and if you want more further

esoteric The Simpsons even show you

episode 13 31 we know again Bitcoin bsv

that kind of thing number

13 um you could see in the previous Mr

pool thing the time stamp was 13 $ 13

trillion worth of gold and this is

basically telling you exactly what I

calculated in the beginning of my

presentation that at a price of a $13

million bsv per

coin which this is basically saying it's

that bitcoin's going to go to $13

million

right that perfectly tokenizes that $13

trillion of gold in the world one for

one so in the future you could

potentially just give a bsv and

collect that in equivalent gold

right or it's going to have a unique

identifier and you could go to a gold

bullion store and redeem it should you

want to but no one is going to do that

because it's security risk you know uh

transport risks IL liquid

liquidity so people are going to prefer

this having the bsv as digital gold as

fully

liquid uh assets that no one can touch

that's not in a vault somewhere that

needs to be auditable or that someone

could steal it or that dust will

accumulate on or that its value will

drop because of

whatever this

is like I said digital

gold so otherwise guys hope you guys

enjoyed the

presentation uh and uh

yeah uh time's running out that's all I

have to say so stay safe hold the coins

we're all going to make it in the end

let us surfing right through the caluga

remember that none of this is meant to

be accurate Financial advice it's just

purely a thought experiment in how I see

where defi is going and don't do what I

said just because you want to get rich

I'm just giving you what I think how the

new system will unfold

so as usual have a good

day

EXP

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are

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